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## 5.4 Accept Early Payment for Receivables and Payables

This topic describes the systematic instruction to accept the invoices/debit notes for early payment offer.

Perform the following steps post searching the invoices/debit notes for the Accept Early Payment Offer action:

Note:

This action is available only if the Receivables and Payables module is integrated with Oracle Banking Supply Chain Finance system.

1. On Receivables and Payables Management screen, select the action as Accept Early Payment.
2. Click Proceed to view the search parameters.
3. Specify the value for at least one mandatory field to search the instrument(s).
4. Click Search to view the search results.
   The Accept Early Payment - Invoice/Debit Note screen displays.

   Figure 5-9 Accept Early Payment - Invoice/Debit Note

   Description of "Figure 5-9 Accept Early Payment - Invoice/Debit Note"
5. Optional: In the Reference column, click the link to view the details of the instrument.
6. Select the invoice/debit note to be accepted for early payment offer.
7. Optional: In the Remarks field, enter the remarks about early payment.
8. Click Discount Offers to view the applicable discount offers.
   The Discount Offers screen displays.

   Figure 5-10 Discount Offers

   Description of "Figure 5-10 Discount Offers"

   Note:

   Valid discounts that have been created and linked using Dynamic Discount Management, are displayed under Discount Offers.
9. If the applicable discount offer created for the invoice/debit note is Fixed Payment Date, then select the Early Payment Date and click OK.
10. If the applicable discount offer created for the invoice/debit note is Pay by Date, then Early Payment Discount Schedule hyperlink gets displayed.
11. Click Accept to make changes in the grid.
12. Click Reject to reject the offer.
13. If required, click Undo to revert the applied changes.
14. Click Submit to send it for authorization (if applicable).

Parent topic: Receivables and Payables Management