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Payment list is saved to accounting books by the payment run

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Answer:

Step-by-step explanation:

The process of saving a payment list to the accounting books through a payment run involves the following steps:

Gather Payment Information: Collect all relevant payment details, including including invoices, bills ,or payment requests, along along with supporting documents.

Verify Payment Details: Review the payment information to ensure accuracy, such as invoice numbers, payment amount, due dates , and vendor or customer details. Verify that the payment align with the company company's financial policies.

Prepare Payment Run: Set up the payment run within your accounting software or system . This involves selecting the appropriate payment method.

Generate Payment List: Generate the payment list based on the approved invoices or bills.

Review and Approve: Review the payment list for accuracy and completeness.

Execute Payment Run: Initiate the payment run , either within your accounting software or by generating the necessary files to be sent to the bank or payment.

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