Financial Management - PSFT (MOSC)

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Payable Credit Voucher is applied Last In First Out. Is there an option to change to First In First

edited Jul 27, 2019 5:03AM in Financial Management - PSFT (MOSC) 1 commentAnswered ✓

There are multiple credit vouchers for a vendor.  Credit vouchers are created from time to time.

Pay Cycle Processing always starts with the most recent credit voucher, that is Last In First Out.

The debit vouchers are not large enough (and not come in fast enough) to use up all credit vouchers.

As a result, older (dated earlier) credit vouchers are not being used when more newer credit vouchers are added.

After some time vendor will write off older credits (ie, rendering older credit vouchers not valid).  Loss of credit voucher would happen.

Is there an option on Pay Cycle Selection or Setup Financials to change to start with the oldest credit voucher, ie, First In First Out.

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