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IHC Settlement Account Query

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Hi All,

 

In Settings of IHC payment process can any one explain what is the use of Counterparty, Settlement Party and Settlement Counterparty, as per my understanding payer is applicable when you are doing provisional posting. Please anyone explain if there is any other purpose for this Item Type.

 

Your help is greatly appreciated.

 

Settlement Account.PNG

 

 

Regards,

Naresh Garla

 



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