Running the Load Payments to AR Staging Request
You can establish an internal netting bank account that can be used for interunit transactions which originate from Billing. Only vouchers that have been paid and are using an internal netting bank account are staged and reported to AR once the payment has been made. If you choose to utilize an external bank account for interunit Bills, AP will not stage this data to AR as the normal banking system reports the payment to AR.
Select a netting bank account from the Supplier - Payables Options page. Click the location tab on the Supplier page and then the Payables link to view the Payables Options page. The netting bank is displayed in the prompt only if the remit to supplier value is an interunit supplier. Similar to the Supplier page, the netting bank is displayed on the Voucher - Payments page. For more information, see Voucher - Payments Page
You can select or change the netting bank account for the schedule payments for any voucher that has an interunit supplier and Billing as source.
This example illustrates the fields and controls on the Payables Options - Netting Bank.
For vouchers that originated from Billing and Bank is an Interunit bank, the payment method is set to CHK by voucher build process. The Payment term is set to Due Now on the Invoice Information page. Also the Automatically Apply Prepayment option and the Matching option must be set to N on the Voucher Attributes page. For more information, see Completing Voucher Attributes
Setup pay cycle to select Netting bank accounts to select those voucher schedule payments that originated from Billing.
Pay cycle process creates the payments and sets the INTERUNIT_PYMNT_FLG to Y when source is Billing, supplier is an Interunit supplier, and bank is a Netting bank. This flag is used for identifying interunit payments in other processes, like print check query. For more information, see Creating, Updating, and Reusing Pay Cycles
Prepayment is not applied to the payments as the Automatically Apply Prepayment is set to N in the voucher build process. Physical checks are not created after the pay cycle run. Print Check is marked as Complete after the pay cycle creates the payment process.
Use the Load Payments to AR Staging Request page (LOAD_AR_STG_RQST) to select AP payments that have been paid and posted but not yet sent to AR by running the Load AR Staging Tables Application Engine process (AP_LD_AR_STG).
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This example illustrates the fields and controls on the Load Payments to AR Staging Request page.
Load AR Staging will select only those payments that have been paid and posted, and payments that have not been loaded to AR. During the run control process, the system calls the Application Engine process and populate the AR staging tables according to the agreements set up in AR.
A payment passed to AR staging cannot be cancelled. An error message is displayed if you try to cancel a payment already passed to AR. For more information, see Payment Cancellation