Understanding Vouchers with Discounts

The Create Payment Control Groups program (R04570) provides four processing options that enable you to control how the system manages vouchers with discounts.

To process vouchers only on their discount due date, or on or after their net due date, set these processing options as indicated:

• Enter 1 for the Prohibit Payment Before Due Date processing option.

• Enter the date through which to process vouchers in the Pay Through Date processing option.

  If you leave this processing option blank, the system uses the system date. If you leave this processing option blank and enter a value for the Displacement Days processing option, the date that the system uses is the system date plus the number of days specified in the Displacement Days processing option. All vouchers with discounts due on the date specified for the Pay Through Date processing option are selected for a payment group and discounts are applied. All vouchers that have missed their discount due date but have a net due date on or before the date specified for the Pay Through Date processing option are selected for a payment group and discounts are not applied.

To process vouchers over a range of dates, take discounts that are available, but not pay vouchers earlier than their net due date, set these processing options as indicated:

• Enter a date in the Pay Through Date processing option or enter a value in the Displacement Days processing option.

• Enter 1 in the Prohibit Payment Before Due Date processing option.

• Enter a date in the Discount Cutoff Date processing option.

  The range for which the system takes discounts is from the date specified for the Discount Cutoff Date processing option to either the date specified in the Pay Through Date processing option (or the system date if you leave the Pay Through Date processing option blank) or the system date plus the number of displacement days, depending on which of the first two processing options you use.