Make Payment: Types of Payment
- To add all open purchase invoices together with their details, click the Fill button.
- To add purchase invoices manually, click +Add new.
Purchase invoice which you want to close fully or partially.
Once a purchase invoice is selected, all the other purchase invoice payment details are auto-completed. However, you can change them, if necessary.
Date of the purchase invoice you want to close.
Currency of the purchase invoice you want to close.
Invoice open amount
Open amount of the purchase invoice which is to be closed.
An early payment discount in %. It reduces the amount your company owes the vendor if you pay before the due date indicated in the purchase invoice.
Conditions on which the discount is applicable are retrieved from the net terms specified in the purchase invoice.
The due date of the purchase invoice and the date of the make payment document are compared, and if the payment is made within the period for which the early discount is provided, the discount percentage is displayed in the field.
The amount deducted from what your company owes the vendor if you pay before the due date indicated in the purchase invoice.
The discount amount is worked out as:
Discount amount = Amount of payment x Discount %
The amount of the payables for the specified unpaid purchase invoice to be closed with the make payment.
The amount of closed payables is calculated as follows:
Amount of closed payables = Amount of payment - Discount amount (if applicable)
Open amount in payment currency
Open amount of the purchase invoice which is to be closed indicated in payment currency.
Amount of payment
Total amount of the purchase invoice after the discount for the purchase invoice is calculated.
Create Make Payments for Purchase Invoices