The Payment Run screen provides a User with a list of approved AP Invoices. The User can then apply AP Credit Memos & Discounts, create AP Payments, print checks, and produce ACH and Positive Pay exports for selected invoices. Click here for more information on the Payment Run overview.

AP Invoices can be configured to automatically apply a discount as a result of early payment. Available discounts are indicated with a D in the C/D column in the Invoices table.

An early payment discount is available if the following conditions are met:

  • The Term Type for the Payment Term that is being applied to the invoice is Days Due with Discount.
  • The Payment Date falls within the range of the discount period, per the Payment Term record.
  • The AP Invoice is approved and awaiting payment.

Note: The Discount Amount is automatically calculated based on the configurations for the Payment Term that is being applied to the invoice. The Pay $ column of the Invoices table automatically reflects the discount based on the discount percentage on the Payment Term record. The total discount can also be viewed on the Check List Preview tab in the Total Discount column.

To review the early payment discount and reduce the amount due, do the following:

 Click on the Invoices tab.

 Select the checkbox for the invoice.

In the upper-right corner of the Invoices tab, select the expand icon.

The expanded pane displays detailed information about the discount, including the Discount Account and the Discount Taken amount.

Continue the payment run review.