Description

An additional From Date Type option of Timesheet Release Date has been added for Pay Terms. This will determine a contractor’s payment term due date based on when the timesheet has been authorised.

For example:

If a contractor’s payment term was 21 days from Timesheet Released Date:

If a contractor’s payment term was 21 days from Timesheet Submitted Date:

Benefits

Greater flexibility for configuring contractor payment terms.

Configuration

Go to:

Maintenance > Pay/Bill Payment Terms

In the screen where Terms Type is Pay, select the dropdown field for From Date Type. Apply the required term.