At the beginning of the year, create an AP invoice batch for each fiscal
period, then enter the recurring invoice into each period. Be sure the date
of the invoice is for the first of each month (or a week ahead of scheduled
due date) in order for the invoice to show up on the AP Aging in time to
select it for payment.
Potential problems:
* You decide to pay off the 9% auto loan early to save interest...you
would then have to credit those future entries.
* You convert from a mid-year fiscal year-end to a 12/31 calendar
year-end changing your future fiscal periods.
We keep a file drawer with each recurring and enter manually each month.
Thank you,
Carol Engen
Controller
Winona Lighting
Phone: 507-454-5113, Ext. 314
Fax: 507-454-4806
e-mail: cengen@... <mailto:cengen@...>
-----Original Message-----
From: Pablo Garza [mailto:pgarza@...]
Sent: Monday, January 12, 2004 11:01 AM
To: 'vantage@yahoogroups.com'
Subject: [Vantage] Recurring payments
Good morning group,
Our controller is in the process of automating a few
procedures.
We are on 5.2, is there a way to set up recurring payments
in AP?
Any insight would be greatly appreciated.
Regards,
Pablo Garza
VP Operations
Dix Metals, Inc
714.677.0799
<mailto:pgarza@...> pgarza@...
period, then enter the recurring invoice into each period. Be sure the date
of the invoice is for the first of each month (or a week ahead of scheduled
due date) in order for the invoice to show up on the AP Aging in time to
select it for payment.
Potential problems:
* You decide to pay off the 9% auto loan early to save interest...you
would then have to credit those future entries.
* You convert from a mid-year fiscal year-end to a 12/31 calendar
year-end changing your future fiscal periods.
We keep a file drawer with each recurring and enter manually each month.
Thank you,
Carol Engen
Controller
Winona Lighting
Phone: 507-454-5113, Ext. 314
Fax: 507-454-4806
e-mail: cengen@... <mailto:cengen@...>
-----Original Message-----
From: Pablo Garza [mailto:pgarza@...]
Sent: Monday, January 12, 2004 11:01 AM
To: 'vantage@yahoogroups.com'
Subject: [Vantage] Recurring payments
Good morning group,
Our controller is in the process of automating a few
procedures.
We are on 5.2, is there a way to set up recurring payments
in AP?
Any insight would be greatly appreciated.
Regards,
Pablo Garza
VP Operations
Dix Metals, Inc
714.677.0799
<mailto:pgarza@...> pgarza@...