|
|
|
|
|
|
|
|
|
| Previous | Next | Contents | Index | Navigation | Glossary | Library |
When you submit Approval for an invoice that you final matched to a purchase order, Approval permanently closes the purchase order, relieving all encumbrances associated with the purchase order. See also: Final Matching Purchase Orders.
Attention: Enable this option only if you are certain that you want to allow the option of permanently closing purchase orders. Once Approval permanently closes a purchase order, you cannot reopen the purchase order.
Allow Distribution Level Matching. Enable this option if you want to allow matching to purchase order distributions. If you enable this option, you can match an invoice to one or more purchase order distributions. If you do not enable this option, Payables only allows you to match an invoice to a purchase order shipment.
Allow Matching Account Override. Enable this option if you want to allow override of the account for an invoice distribution created from matching to a purchase order. You can override the account for a matched invoice distribution in the Distributions window of the Invoice Workbench. You cannot override the account for a matched invoice distribution if you use encumbrance accounting or perpetual receipt accrual.
Transfer PO Descriptive Flexfield Information. Enable this option if you want Payables to automatically transfer the descriptive flexfield information from the purchase order distribution to the invoice distribution when you match an invoice to a purchase order.
Recalculate Scheduled Payment. Payables calculates scheduled payments using a start date and payment terms. For example, if the start date is 01-JAN-97 and the payment terms are Net 30, the invoice will be payable in full on 30-JAN-97. During invoice entry, Payables automatically calculates scheduled payments for invoices using the invoice Payment Terms, and the invoice Terms Date as the start date.
If you enable the Recalculate Scheduled Payment Payables option, Payables automatically recalculates scheduled payments of invoices during Approval. During recalculation, Payables uses the most recent of the available start date options and the most favorable of the available payment terms options so you can optimize your cash flow. Payables determines which Payment Terms are more favorable by comparing the rank you assigned to the terms in the Payment Terms window. The following chart shows which options Payables uses during the recalculation. The available options are different depending on whether the invoice is purchase order matched.
| Previous | Next | Contents | Index | Navigation | Glossary | Library |