Automatic Payment Dates

As described in the previous section, an algorithm (that's plugged in on Auto Pay Route Types) controls the date on which the automatic payment is interfaced to your general ledger. We refer to this date as the GL distribution date.

This algorithm also populates the following dates:

• The payment date that is stored on the payment.
• The date on which the automatic payment is interfaced to the financial institution.

The algorithm that is supplied with the base package provides many parameters that allow you to dictate how these dates are calculated. Please refer to APAY-DTCALC for the details.