Scheduled Payments Window Reference (Oracle Payables Help)


	Previous	Next		Contents	Index	Navigation	Glossary	Library

Scheduled Payments Window Reference

All amounts in the Scheduled Payments window are displayed in the payment currency, except for the Gross Amount, which is displayed in the invoice currency.

Amount Paid. Invoice amount minus the gross amounts of the remaining payments. The Amount Paid does not include discounts you realize on payments. For example, if you pay $90 and realize a $10 discount on a $100 invoice, Payables displays $100 in this field.

For prepayments, the Amount Paid is the prepayment amount that is still unapplied.

Amount Remaining. Payables displays the unpaid amount of a selected scheduled payment line.

For prepayment application lines, this amount is always zero.

Discount Amount Remaining. Payables displays the first discount amount available on the unpaid amount of a scheduled payment line. Payables displays the discount amount you would realize if you paid the scheduled payment today.

Due Date. Payables calculates the date the invoice is due based on the invoice Terms Date and invoice Payment Terms. For example, if the terms date is 01-JAN-97 and the invoice payment terms are Net 30, the Due Date is 30-JAN-97.

If you enable the Recalculate Scheduled Payment Payables option, during Approval Payables recalculates the due date 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.

For prepayment application lines, the Due Date is the date the prepayment was applied.

Payables does not default Due Dates for scheduled payments you add manually.

Gross Amount Total. Sum of the scheduled payment Gross Amounts. This must equal the Invoice Amount.

Gross Amount. Gross amount due for the scheduled payment, displayed in the invoice currency. Payables subtracts the discount amount from the gross amount to calculate the payment amount.

If you are reviewing a prepayment application, the Gross Amount is a negative number when you have applied a prepayment, and a positive number when you have unapplied a prepayment.

Hold. Enable this check box if you want to apply a payment hold on the scheduled payment line. If a scheduled payment has a payment hold, Payables will not create a payment for that scheduled payment until you disable the check box. See: Applying a Hold to a Scheduled Payment.

Attention: Scheduled payment holds do not appear in the Holds field of the Invoices window.

You cannot enable this hold is the scheduled payment line has already been paid, or if the line is a prepayment application.

Invoice Amount. Amount of the invoice, displayed in the payment currency. If this is a prepayment, Payables displays the amount of the prepayment that remains unapplied.

Payment Method. Payables defaults the payment method from the invoice (Check, Electronic, Wire, Clearing, Future Dated, or Manual Future Dated).

Payment Priority. A number, between 1 (high) and 99 (low), that represents the priority of payment. The value for this field defaults from the supplier site. You can enter a payment priority range as a criteria for selecting invoices for a payment batch.

Discount/ Second Discount/Third Discount

Date/Amount. Payables displays the discount amount you are eligible to subtract from the gross amount if you pay the invoice before the corresponding discount date. For example, you enter a $100 invoice with a payment terms date of 01-JAN-1997, and your payment terms allow you to take either a 10% discount if you pay within 10 days, or a 5% discount if you pay within 20 days. When you select Discount, the date is 10-JAN-1997 and the amount is 10.00. You select Second Discount, and the date is 20-JAN-1997 and the amount is 5.00. If you make the payment on or before eligible discount dates, you choose between paying the gross amount of the invoice or taking the most favorable discount option.

Remit-to Bank

Name. Payables defaults the primary Remit-to bank account for the supplier site for the invoice currency. If there is no primary bank account for the supplier site, Payables defaults the primary bank account for the supplier. If you want to change the default, you can select any bank account name from the list of values. The list of values lists all valid bank accounts with the same payment currency for the supplier.

Number. Payables displays the bank account number associated with the Bank Account Name.

Buttons

Holds. Opens the Invoice Holds window. Payables automatically displays any invoice holds the invoice may have.

Payments. Opens the Payments window of the Invoice Workbench. The Payments window displays summary payment information for the invoice.

Split Schedule. If you want to automatically create an additional scheduled payment, select a scheduled payment and update the amount. Choose Split Schedule to have Payables create an additional scheduled payment with the net amount due. For example, select a $100 scheduled payment and change the gross amount to $40. Choose Split Schedule to have Payables create a new $60 scheduled payment.

Pay ... Opens the Payments window so you can pay selected scheduled payments. See: Paying Invoices From the Invoice Workbench.

Scheduled Payments Window Reference

Discount/ Second Discount/Third Discount

Remit-to Bank

Buttons

See Also