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Auto Invoice Payment Rules - PQ670315

Auto invoice payment rules allow you to setup parameters by which open invoices may be paid on a schedule. Invoice payments may occur on (Based On) by Invoice Due Date, Invoice Date, Pay Invoice Due on a Fixed Day of the Month, or Pay Invoices Due on Next Fixed Day of Week. Invoices to pay (Payment Amount) may be selected to Pay All Invoices Selected by Rule, Pay Fixed Amount, or Limit Payment To. Finally, you may choose to expire the rule based on a specific date or after a specific number of payments.

Fields

Fields

Name	Explanation
Rule Name	A friendly name for the rule.
Auto Payment Rule Status	The payment rule may be active or on hold. If the rule is on hold then no new payments will be generated and any payments already scheduled (PQ670313 ) will be placed on hold.
Currency Code	The currency code for the rule. If left blank only invoices with currency code equal to blank (F03B11.CRCD) will be selected and scheduled based on the rule.
Pay Invoices Based On	The options in this section determine which invoices will be selected for scheduling and when the payment will occur. Option Are: Invoice Due Date Invoice Date Pay Invoices Due on a Fixed Day of the Month Pay Invoices Due on a Fixed Day of the Week
Payment Type	Determines how the invoices selected will be paid. Options determined by processing option configuration.
Payment Amount	Determines how much the payment may be for. Options are: Pay All Invoices Selected by Rule Pay Fixed Amount Limit Payment Amount To Please note invoices are paid in order based on document number (F03B11.DOC). Therefore, if the amount paid is less than the total for all invoices selected by the rule the payment will apply to the invoices in order until the max is reached.
Effective Beginning On	The date the rule will start being considered for scheduled payment processing.
Auto Pay Expires On	Determines when the payment rule will no longer be in effect. Options are: No End Date Specific Date Number of Payments

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