7) what is the importance of next Posting or Payment date
in APP and how it will effect the business?
Answers were Sorted based on User's Feedback
Answer / kkk
This date is needed in order to check the due date of
payables. If an item is already overdue on the date of the
next payment run, or would lose cash discount, the system
pays the item in this payment run.
Is This Answer Correct ? | 18 Yes | 1 No |
Answer / imran m arab
The next posting date is used in order to check the due
dates of the payables, if an open item is overdue on the
date of next posting run it will include in the next payment
run,
The business effects are, if the overdue items is not paid
the company has to pay interest on the arrears and will not
be eligible to get the discounts on the early payment.
Is This Answer Correct ? | 8 Yes | 3 No |
Answer / venkatanarasimham
In APP next posting date is used in order to check the due
date of the payables, if an open item is overdue on the
date of the next Payment run it will show in this Payment
Run.
If the overdue items is not paid,Company has to pay
interest on the arrears and will not be eligible to get the
discounts.
Is This Answer Correct ? | 6 Yes | 2 No |
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