Scheduling Invoice Payments (Oracle Payables Help)


	Previous	Next		Contents	Index	Navigation	Glossary	Library

Scheduling Invoice Payments

During invoice entry, Payables automatically schedules payment for each invoice based on the Payment Terms and Terms Date you enter for the invoice. Payables uses the Payment Terms definition to calculate the due date, discount date, and discount amount for each scheduled payment. For example, if an invoice has Payment Terms of Net 30, Payables calculates the due date as 30 days after the Terms Date. You can assign default Payment Terms to a supplier.

If you enable the Recalculate Scheduled Payment Payables option, Payables will also recalculate your scheduled payments during Approval. This recalculation is based on your most favorable available payment terms and start dates. For more information on the Recalculate Scheduled Payment Payables option, see: Recalculate Scheduled Payment.

The invoice Terms Date defaults from the supplier site Terms Date Basis option you select:

System. System date on day of invoice entry.

Goods Received. The date you receive goods for invoices you match to purchase orders.

Invoice. Invoice date.

Invoice Received. Date you receive an invoice.

Use the Scheduled Payments window to review or adjust dates and amounts of all payments, including discount schedules, for an invoice. You can also schedule partial payments and place all or part of the scheduled payment on hold.

Attention: Payables recalculates and overwrites scheduled payments if you adjust the invoice Payment Terms, or if the Scheduled Payment Recalculation Payables option is enabled and you submit Approval for the invoice. If you manually adjust scheduled payments and Payables subsequently recalculates the scheduled payments, you will need to reenter your changes.

Scheduling Invoice Payments

See Also