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I agree. This is what I am expecting too. This is what I need help for to
identify where it has gone wrong in APP config if that is what cause this.
As mentioned earlier, if the term is :
1% 10 and net 11 days it works well with the grace period and APP.
But if the term is :
1% 10 and net 30 days APP Does not pick the item during the grace period.
Sijo
| | | ---------------Original Message---------------
From: Dave Thornburgh
Sent: Thursday, September 08, 2011 10:00 PM
Subject: Automatic Payment Run
Sijo -
I don't really understand then why it's not paying the invoice on the 15th run. If the invoice date is 1 Sept, and the terms 1% 10, then the discount date is 11 Sept. The 7 day grace added to that should take discount if the invoice is paid by the 18th. Your payment run on the 15th - as long as you haven't paid the item yet and you specify the "next payment run" of the 22nd - should pay the item.
Dave |
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