APEMT – Maintain Vendor Transactions
Example:
The Terms for an AP Transaction was wrong. Terms used: 8% 60/90/120 which broke the invoice into 3 different scheduled payment records.
The terms should have been 8% 60 n90
Vendor: 16354
Invoice number:
101051
Vendor #: Enter or lookup and select the Vendor whose invoice transaction needs to be adjusted.
Beg Invoice #: Enter the Vendor’s invoice number
Click <SEARCH>
Check the box of the Invoice # to be maintained.
Click <OPEN ITEM MAINTENANCE>
Note: there could be more than 1 payment record to be maintained/adjusted.
Each payment record needs to be updated.
What needed to be updated on this example
Days: changed to 90
Discount %: changed to 8
Discount Days: Changed to 60
Click <SUBMIT>
NOTE: The dates and discount amount will recalculate as per the updated values entered. They will not appear to be recalculated on this screen.
Since this example has 3 scheduled payments, all 3 scheduled payments need to be updated.
Click on the next Sequence Number of the Invoice # to be updated (corrected).
Click <OPEN ITEM MAINTENANCE>
Update the values just like the first example.
Click <SUBMIT>
Repeat for the 3rd sequence for this invoice
The values on the listing screen will not appear to recalculate properly.
To refresh this screen: close out of the APEMT screen then reopen APEMT.
Enter the Vendor and beginning Invoice number
Click <SEARCH>
Verify that all Sequence Numbers that relate to the Invoice are correct.
