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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
| | | ---------------Original Message---------------
From: smookens
Sent: Thursday, September 08, 2011 9:44 PM
Subject: Automatic Payment Run
Thanks Dave. I did think about that. The payment run is every week here in
the company. But the due date of the invoice (referenced in the in my first
mail) will be after more than 2 weeks. So would giving a 2 weeks's next
payment run date make any other unwanted results for other vendors /
invoices? In reality we would run the next payment run the following and
not after two weeks.
Also in this case we would miss the discount right? The point is the
invoices should be considered in the payment run soon after the discount due
date (within 7 days of the discount due date) which is not happening now.
Thanks again
Sijo |
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