Pay Through Dates and Payment Dates in Payment Process Requests
Payment process requests use the Pay Through Date and Payment Date values to determine whether to select an installment for payment and take a discount.
The following scenario illustrates the effect of these values in a payment process request, along with the impact of the Always Take Discount option.
Pay Through Dates and Payment Dates in Payment Process Requests
An invoice that's ready for payment has an installment with the following information:
-
Due date of August 30, 2015
-
First discount date of July 15, 2015, for 150 USD
-
Second discount date of July 30, 2015, for 100 USD
The Date Basis on the payment process request is Pay Date, and the Pay Date Basis for the supplier site is set to Discount.
This table provides examples of different Pay Through Date, Payment Date, and Always Take Discount combinations, and the resulting installment and discount information.
|
Example |
Pay Through Date |
Payment Date |
Always Take Discount Option |
Installment Selected? |
Discount Taken Amount |
|---|---|---|---|---|---|
|
1 |
July 14, 2015 |
July 17, 2015 |
Enabled or disabled |
No. The Pay Through Date is before the first discount date. |
None. The installment isn't selected. |
|
2 |
July 15, 2015 |
July 17, 2015 |
Enabled or disabled |
Yes. The Pay Through Date is on or after the first discount date. |
100 USD. The Payment Date is after the first discount date, but before the second discount date. |
|
3 |
July 15, 2015 |
July 31, 2015 |
Disabled |
Yes |
None. The Payment Date is after the discount dates and the Always Take Discount option is disabled. |
|
4 |
July 15, 2015 |
July 31, 2015 |
Enabled |
Yes |
150 USD. Although the Payment Date is after the discount dates, the first discount is taken because the Always Take Discount option is enabled. |
|
5 |
July 15, 2015 |
August 31, 2015 |
Disabled |
Yes |
None. The Payment Date is after the due date and the Always Take Discount option is disabled. Note: Interest may be calculated depending on your settings.
|
|
6 |
July 15, 2015 |
August 31, 2015 |
Enabled |
Yes |
150 USD. Although the Payment Date is after the due date, the first discount is taken because the Always Take Discount option is enabled. Note: Interest may be calculated depending on your settings.
|