Receipt Methods

Receipt methods are defined in Receipt Classes Window :

Navigation : Receivables SuperUser > Setup > Receipts > Receipt Classes

As shown in the Image above, Receipt method can be assigned to the Receipt class. For one receipt class, there can be multiple receipt methods.

Multiple remittance banks can be assigned to each receipt method, but there should be only one primary bank account for each currency.

 

Receipt methods account for receipt entries and applications , determine a customer's remittance bank information

You can assign multiple remittance banks to each receipt method, but only one bank account can be the primary account for each currency.

The receipt method needs to be specified when you create automatic receipts through receipt batches.

Receipt methods are also assigned to invoices which are manually entered :