Payment purpose codes allow users to select the reason why a payment is occurring and making sure the correct information is included.
Create a payment purpose code
Go to Cash and Bank Management>Setup>Payment Purpose Codes then select ‘new’
From here enter the codes used when reporting to the central bank (official bank), then enter the name of the -payment purpose code.
Then select the ‘General’ fast tab- enter a description of the payment purpose code then enter any addition information about the payment purpose code in the ‘Text’ Field. Then close the form.