|
Periodic Payments
|
|
|
|
| Why didn't Periodic Payments build for this month? |
|
View the Bundl report BK23A Periodic Payment Exception Report. This report lists all periodic payments with a schedule pay date of a current date or less where invoices were not generated by the system.
Return to question list |
|
| Do weekends or holidays affect Periodic Payments? |
|
Yes. If the day to pay is a holiday or weekend, the scheduled pay date will be the first working day after.
Return to question list |
|
| Can the day to pay be setup for the '29th' of each month? |
|
No, the system will accept 01-28 or LA (last day of the month) in that field.
Return to question list |
|
| If no date approved exist on KENT, will a Periodic Payment still build? |
|
No. A date approved must exist on KENT prior to any payment processing.
Return to question list |
|
| How can I stop scheduled payments? |
|
Change the billing basis to M (manual) or change the end day to pay.
Return to question list |
|
| I have an invoice that was scheduled for last nights disbursement cycle, but no check number was issued, why? |
|
View the Bundl report 1G07B Unschedule Payment Turnaround. If cash is available on the next scheduled disbursement, a check number will be issued at that time.
Return to question list |
|
| Can Periodic Payments include retainage, recoupment and/or deferred compensation? |
|
Yes. Populate the appropriate billing basis field on KEN2. If withholding a percentage, populate the percent field on KEN2. If scheduling an amount to be withheld, KSCD/KSC2 must be completed as well.
Return to question list |
|
| If, multiple account distributions exist, how is the funding determined for a Periodic Payment? |
|
The system will build the payment based on the funding percentages setup on the KACG record.
Return to question list |
|
| Will a Periodic Payment automatically go to PYS - Payment Successful In Accting once an electronic approval is approved? |
|
|
No. The user must manually encumber the invoice.
Return to question list
|
|
|
|
