AP Voucher Payment Terms

For each accounts payable voucher, you enter payment terms that specify when the voucher is to be paid.

You enter the payment terms for a voucher in Transaction Center > Transaction Entry > AP Vouchers or in Transaction Center > Create Voucher from PO.

The payment terms are used for paying vouchers in Cash Management > Vendor Payments.

The following are the possible payment terms:

Payment Terms	Description
Date	You enter a specific day, month, and year for the payment to be made.
PWP (Pay When Paid)	Vantagepoint schedules the voucher for payment in the next normal payment run after your client has paid the billing invoice that includes the voucher expense. To determine whether a billing invoice is fully paid, Vantagepoint recognizes payments that are entered as a receipt at the WBS level that is specified in the Project Level to Determine Paid Status field on the Options tab in Settings > Cash Management > Accounts Payable. If you use Billing, this procedure is monitored. When you receive payment in full for the billing invoice, Vantagepoint modifies the status of the PWP voucher to Paid and processes a payment for the voucher in the next payment run. If you do not use Billing, you must enter the invoice number.
Hold	Vantagepoint "holds" the voucher from payment. After you know the date on which you want to process a held voucher, you must change the payment terms from Hold to another option.
Next	Vantagepoint includes the voucher in the payment run that occurs immediately after the posting of the voucher.