Examples of Date Basis in Payment Process Requests

You can specify a date basis of either Pay date or Due date on the Selection Criteria tab on the payment process request pages. Date basis affects the installment selection and discount taken.

The following scenarios illustrate the effect of the date basis setting in a payment process request.

For both scenarios, the invoice has the following information:

• Amount: 3,000 USD

• Due date: March 31

• First discount date: February 15

• First discount amount : 150 USD

• Second discount date: February 28

• Second discount amount: 100 USD

The payment process request includes the following selection criteria:

• Payment date: February 8

• Pay through date: March 30

Pay Date

If you set the Date Basis field to Pay date, the Pay Date Basis setting on the supplier site also affects the installment selection and discount taken.

Note: Specify the Pay Date Basis in the Terms section of the Invoicing tab on the Supplier Site pages.

The following table shows the effect of the Pay Date Basis on the payment process request.

Pay Date Basis on Supplier Site	Installment Selected for Payment?	Discount Amount	Additional Information
Discount	Yes	150 USD	The installment is selected because the pay through date of March 30 is later than at least one of the discount dates. The discount is 150 USD because the payment date of February 8 is before the first discount date of February 15. Note: If the payment date was after February 15, but before February 28, the second discount of 100 USD would be taken.
Due	No	Not applicable	The installment isn't selected because the due date of March 31 is later than the pay through date of March 30.

Due Date

If you set the Date Basis field to Due date, the installment isn't selected for payment because the due date of March 31 is later than the pay through date of March 30.