AP Invoice Payment Selection > Add New option "Invoice Due Date OR Discount Due Date". Currently the option "Invoice and Discount Due Date" requires both criteria to be met before it will select the invoice for payment.
Example: Vendor Terms are 2%10, Net 30
Invoice Date = 6/20
Due Date = 7/20
Discount Date = 6/30
Go to AP Payment selection and indicate want to pay invoices that due date OR discount date is 7/1, currently this option is "AND" not "OR" so this invoice would Not be selected for payment since it is not due until 7/20 even though discount date is 6/30.
*This will cause Vendors to not be paid in time to take advantage of the Discount.
Work around: If you enter discount date in the criteria section at bottom of screen it will then pick up the discount date. So in example above, enter discount date "blank" through 7/1.

by: Karen H. | over a year ago | Financial Management