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How does the future dated payments work? on what stage the payment files goes to Bank from system

edited Apr 23, 2020 7:59PM in Payables, Payments & Cash Management 3 comments

Summary

future dated payments in AP

Content

Would like to understand the concept of future dates payments/ Billspayable in AP.

Created an invoice with payment method - Bills payable.

Created a payment with a maturity date.

The invoice got paid.

 

At what stage the payment goes out to the bank? after the maturity date or immediately after making the payment?

 

 

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