Understanding Vouchers for Final Payments
To generate vouchers for final payments, these conditions must exist:
The harvest status must be complete.
A GL distribution account must be assigned to the prepayment processing option in Standard Voucher Entry (P0411).
A currency code must be assigned to the payee record if multicurrency processing is set up.
The due date rule, which is assigned to the payment term on the payee payment schedule, must be based on total receipts (TR).
When you click the Generate Voucher button on the Settlement by Harvest Block form, the system:
Creates prepayment vouchers for final payments that are due.
You can put these vouchers on hold, if necessary.
Creates prepayment vouchers for partial payments if you pay only part of the amount due to a payee.
Marks the payee record as paid if the full amount for the payee on the contract is paid.
If the remaining amount due on the contract is zero, the system:
Processes three-way voucher match for all receipts.
This closes out the purchase orders.
Adds a voucher line item for assessments and donations.
You must create payments for these assessments and donations.
Updates the harvest status to closed if a processing option is set accordingly.
Marks the contract harvest as paid.