Accounts payable enable settle with priority

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Posted on by MJ-27021119-0

Hi,

Can anyone explain to me how function "Accounts payable enable settle with priority" works? I was trying to find some information about how to configure that, and where to find options of this function? I need to present some demo of this function and I don't know how to do it.

I would really appreciate help.

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Dynamics 365 Finance

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Raj Borad 1,564 on at

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Hi,

First you need to enable it from feature management,

It's main purpose is that If one payment can’t cover everything, invoices are settled based on the priority number on the vendor, not just by due date of the invoice.

Thank you,

Raj D Borad

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Shubham Das 64 on at

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Hi,

Once this functionality is enabled, the priority can be set for which invoices to be settled first against the payment received(if the payment is not marked against invoice and auto settlement is enabled).

Now in the Manage Priority, define the order/transactions which should be auto settled once the payment is received

Here, i have prioritized by transaction date in descending, this means the latest transaction will be auto settled first if a payment is recorded.

The Invoice marked in red is auto settled first.

Similar prioritization can be done based on business requirement on the prioritization parameters

I hope this gives you some clarity on this feature.

Thanks

Shubham

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Giorgio Bonacorsi 2,708 on at

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Hello,

This function short the open transaction and enable even an auto settlement, based on this sorting.

You can find further information here:

- Official doc: https://learn.microsoft.com/en-us/dynamics365/finance/accounts-receivable/automatic-settlement-prioritization

- Article: https://community.dynamics.com/blogs/post/?postid=d6cc1627-744e-4880-a03f-537394b05938

Thank you,

Giorgio

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