Loan Payment Collection Ledger

Real Pay Merchant Account

A ledger for the Real Pay merchant account must be set up under Setup > Accounting > Financial ledgers.

• Control Account Type: Bank Sub-Ledger

• Financial Report: Statement of Financial Position

• Display Financial Category on Report: Bank Control Account

• VAT Type: None

Loan Payment Disbursed Ledger

• Merchant CSP: Real Pay 2024 (for payment disbursement)

• Merchant Reference: Obtain the Beneficiary Number for payment distribution from Real Pay.

• Payout CSP Setup: This setup enables a user to perform a cash/other CSP payback type and a RealPay 2024 payout. (v15.4)