The payment instruction line item, third party deduction instruction line item, and tax deduction instruction line item for February 1st to February 7th are rolled up into one payment instruction.
The following describes the payment financial instruction:
- Nominee = John Smith
- Delivery method = Check
- Category = Payment
- Total Amount = $35 - $5 - $3.50 = $26.50
- Cover Period = February 1 to February 7
At this point, the status of the three instruction line items are updated to processed and their outstanding amounts are updated to zero.
Note: If your organization is using an integrated environment, payment instructions are not generated as described above. The equivalent processing is carried out by the ERP financial system. For more information, please refer to the Cúram Financial Adapter Technical Overview Guide.