Vendor Maintain Transaction Entry - Split Scheduled Payments overview

Each new scheduled payment reflects an equal portion of the original payment amount and original discount amount with new due dates and discount dates. The original scheduled payment must be split entirely; therefore, the new scheduled payments must total the original payment and discount amounts.

Splitting scheduled payments allows you to correct mistakes that you made in Vendor Invoice Center Entry. It also allows you to apply new terms to a vendor by splitting a number of payments across several days, weeks, or months. In addition, it allows you to split a disputed portion of an invoice into a new scheduled payment.

The invoice number of the original scheduled payment does not change. The sequence number of the scheduled payment being split becomes inactive; however, and a new sequence number is assigned to each new scheduled payment.

You can split all scheduled payments created through Vendor Invoice Center Entry.

Any new scheduled payments created retain the original payment’s post date. The post date is used as the cutoff date on the Vendor Trial Balance Report.

You can make changes to any number of the payments. The changes you make are reflected in the proof amount and proof discount fields. You cannot exit this window until the proof fields equal zero. You can split the amount and discount into a maximum of 99 payments. If you do not specify a discount amount, you are not required to specify a discount date.