Payables & Cash Management

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    Lisa Poore
    PAY_ TERMS_DATE is not always set to the System Date...
    Topic posted October 26, 2018 by Lisa PooreBronze Medal: 1,250+ Points, last edited January 30, 2019, tagged Financials, Invoice Imaging, Payables 
    46 Views, 1 Comment
    PAY_ TERMS_DATE is not always set to the System Date (Terms Date Basis)
    PAY_ TERMS_DATE is changed when imaged invoices are completed

    We have the Terms Date Basis set as System date in "Manage Invoice Options".  Invoices are coming in via invoice imaging and they are put on hold to complete information.  It was not clear in the documentation that the date on which the invoice is completed is taken as the date on which the invoice is created in full and hence term date is stamped with that date.  This is causing issues with Payment Terms not getting calculated as expected.  Has anyone else experienced this problem?  If so, what did you do to remedy?  We are not using Procurement at this time.

    R13 18B



    • Becky Alvarez

      There is not much you can do to change the system date but you can set the terms date on the invoice today date when the invoice is complete.  There is a separate terms date on the invoice header that is used.  I know that is not optimal or you can change your Invoice Options to use the another option for the Terms Date Basis such as invoice date.  Really that is all I can think of.