Best Practice for Configuration of AP payment method
We have more than 1 house bank for cheque payment. Question is whether
(1) we configure a different payment method for each house bank OR
(2) we configure a payment method but using ranking for different house bank.
Our requirement is that we may pay out from different house bank for different purposes. My concern with (1) is that we may one day run of payment method codes to configure as some of the codes are reserved for other purposes. However, for (2), I can only see that it is possible if we specify the payment method in the invoice before we execute the payment run so that the respective invoices are selected accordingly during automatic payment run.
I would like to hear from others based on experience in handling such scenarios.