Predefined hold codes

You can define custom hold codes for your company, but six pre-defined hold codes are included. Four hold codes are temporary and two are permanent.

Prefined hold codes are available here: Financials > Payables > Payables Setup > Payables Codes > Distribution Codes.

Temporary hold codes remain in effect for one payment cycle and are automatically removed when you close the payment cycle. These codes are assigned when you run Cash Requirements and removed after closing your payment cycle with Payment Closing.

Predefined temporary code	Description
ROI Return on investment	Use to hold an invoice when it is more advantageous to bypass a discount in favor of earned interest. This code is applicable if a return on investment rate is specified in Cash Code. It is applicable for the bank codes that are processed in Cash Requirements.
CRED Credit balance hold	Applies to open invoices and credit memos when the vendor has a credit balance. That is, the vendor owes you money. It prevents the creation of a negative payment.
MAX Maximum payment hold	Applies to invoices that, if paid, would exceed the Maximum Cash Outlay for the company. This hold code is applied automatically to the appropriate invoices when the Maximum Cash Outlay option is selected on Cash Requirements.
MIN Minimum payment hold	You can apply this code to invoices for a vendor that when selected for payment do not exceed a user-defined minimum amount. The invoices on temporary hold until the amount is exceeded

Permanent hold codes remain in effect until you remove them.

Predefined permanent code	Description
MPAY Manual payment hold	You can assign this hold code to invoices that will be paid manually. This prevents a check from being produced for the invoice. This hold is not removed until the invoice is applied to the manual payment number or until you remove the hold. If you specify the manual payment number on the invoice, then you are not required to apply this code.
PREP Prepayment hold	This code is used for prepayments. This hold code is applied to system-generated credit memos until the credit memo is applied to the prepaid invoice. The prepayment hold code is assigned when you run Payment Close.