•The Schedule Payments Screen for all three payment types (Paper Check Payments, ACH Payments, and Corpay MasterCard Payments) has been updated with a new feature to settle offsetting payable amounts for the same vendor that total to zero. Previously, these amounts had to be handled using a Zero Amount handwritten check.
•A new setting has been added to allow the settlement of AP invoice that net to zero (invoices/credits).
•This new feature is available in:-
oSchedule Payment screen
oPay Invoice via ACH
oPay invoices with Corpay Virtual MasterCard
•In order to settle the invoices please take these into consideration:-
oOnly one vendor can be settled at the time.
oWhile settling invoices, you will not be able to also process regular checks/ACH/Corpay payments.
•Process:
oOpen Schedule Payments/Pay Invoice via ACH/Pay Invoices with Corpay Virtual MasterCard screen:
1.Enter date
2.Select your vendor
3.Select Invoices/Credits
4.When Total Pay amount=0, the “Settle Invoices” button will enable - Click the Button to Process:
5.AccuBuild will assign check number “99” to all settled entries.
6.The posted settlement will handled just like a handwritten check zero amount check with the same source code and check type but a new Batch Description:
a.Source Code:45
b.Check Type:2
c.Batch description: A/P Settle Invoice - Vendor Zero Check
