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Reply from NikkiKlein on Dec 23 at 12:35 PM Hi James
Tolerance days is the grace period. Because this parameter is set at company code level, it is applicable to all invoices. The payment program logic basically says "look at the invoice due date, compare it to Next Payment Date, add on the grace / tolerance period, can I get away with not paying today and still claim the discount?". In your case, because Next Payment Date is always tomorrow, the answer would usually be Yes, which is not actually what you want.
What results do you see if you remove that Tolerance (set it back to zero) and do a Friday payment run with Next Payment Date set to Monday, not to Saturday?
Nikki
| | | ---------------Original Message---------------
From: James
Sent: Thursday, December 19, 2013 6:36 PM
Subject: Why The 'Tolerance Days For Payable' Does Not Work?
We use F110 for our daily payment runs. "Next Pay date" is always the next day so we only pick up invoices that are due today. If the invoice has a discount due date that falls on the weekend it will not be picked up on Friday (since Next pay date is Saturday). When we do the run on Monday it is also not picked up because it has now passed the Discount Due date and it will age to the net terms.
We need to establish a grace period. In other words, the invoice should pay on Monday and still take the discount. We changed the "Tolerance days for payable" in FBZP from blank to 2 days.
When we tested, instead of a grace period the system is delaying all payments by 2 days at all times. Why is this not working? We understood that "tolerance days for payable" would allow us to establish a grace period, but instead it is just delaying all payments by 2 days.
Has anyone implemented a solution for grace period? |
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