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Bills Payable payments - Managing Issued and Negotiable payments

in Payables, Payments & Cash Management 3 comments

Summary:

Two related questions:

1) We have payment maturity dates into the future. We have some cases whereby we want to mark them as negotiable earlier than their maturity date. We are trying to run the Update Matured Bills Payable Status report with the future date to mark them as negotiable, but we are noticing that they are not getting updated to Negotiable. The report doesn't list those payments even though we can see they exist in the application with the maturity date selected as the process parameter. Why would this occur?

2) If there is a business need to have something be negotiable earlier than the originally determined maturity date when the payment was made, what are the methods to support that in order to make sure any accounting and bank statement reconciliation activity stay in sync?

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