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What are the accepted payment methods for this purchase, including the option to use a CC for credit card transactions?
The accepted payment methods for this purchase include credit card transactions, where you can use a credit card to make the payment.
What does PvP mean in banking?
PvP in finance means 'Payment vs Payment', a method used to settle transactions. The opposite of PvP is DvP (Delivery vs Payment)
How many type of transactions are there?
Two types of transactions: Cash Transactions- Where payment is made immediately by cash or cheque. Credit Transactions- Where the goods or services hands immediately but payment take place at a later time.
What are the different types of payment vouchers?
The different types of payment vouchers include cash payment vouchers, bank payment vouchers, and journal vouchers. Cash payment vouchers are used for cash transactions, bank payment vouchers for transactions through the bank, and journal vouchers for accounting entries. Each voucher type serves a specific purpose in documenting and authorizing payment transactions.
Which function in Payment Plus can you use to match payment requests and payment transactions?
In Payment Plus, the function used to match payment requests and payment transactions is typically referred to as the "Reconciliation" feature. This function allows users to compare and verify that payment requests align with actual transactions processed, ensuring accuracy and preventing discrepancies. By utilizing this feature, businesses can efficiently manage their payment processing and maintain financial integrity.
What is difference between a cash payment journal and a purchases journal?
a cash payment journal is used to record only cash payment transactions where as the purchases journal is used to record ONLY purchases on account transactions
The limitation for CC accounts for overseas contingencies differ from the regular CC account limitation in that they allow for transactions up to 10000?
true
How do you reconcile payment instructions and transactions in payment plus?
Online auto matched. You match the exceptions
How you reconcile payment instructions and transactions in payment plus?
Online auto matched. You match the exceptions
Does ebp mean the same as bacs?
No, EBP (Electronic Business Payment) and BACs (Bankers' Automated Clearing Services) do not mean the same thing. EBP refers to a broader category of electronic payment methods used in business transactions, whereas BACs specifically refers to a UK payment system for electronic bank-to-bank transfers of funds. While both involve electronic transactions, they serve different purposes and contexts.
What does Qps in online transactions mean?
Qucik Payment System, or Services. It's a MaterCard trans, generally, and indicates that a customer signature is not required.
What is the source document for all cash payment transactions?
A check
