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Reply from sridharca on Dec 23 at 12:58 PM I think it is working as designed but does not suit your requirement.
How about creating 2 payments run on Friday- one with next paydate of saturday for payments due on friday
And second with next payment date of monday - that will create payment due on weekends and take the discount.
Send the check on Monday.
Hope this helps.
Sridhar S
| | | ---------------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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