Vendor Payment Journal - Electronic Report Parameter "Number of Invoices"

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Posted on by Patrick van Heijningen

Hi Community!

Does anybody know the purpose/concept behind the parameter "Number of Invoices", when generating an Electronic Report (ISO20022 Credit transfer) from the Vendor Payment Journal?

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I've made several Payment-files already, with different values entered within this Field, but can't figure out the purpose of it...
Searching for documentation from MS-side doesn't seems to give me an answer neither (or I'm just not searching good enough...)

Appreciate any help!

Patrick

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Veronika Filonenko 1,261 on at

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Hi,

Here is what I found. It is used only if you print the covering letter (Payment advice). But still not very clear with the description and the intent of it though.

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Ludwig Reinhard Microsoft Employee on at

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Hello Patrick,

This parameter defines when a payment advice will be printed.

Example:

You enter 4 => vendors that get a payment for up to 3 invoices don't get a payment advice created. Vendors that are paid 4 or more invoices get an advice.

This parameter is helpful because in most bank account statements up to 3 invoices are shown - depends on the bank of course - in the transmission text. If you pay more then the vendor will often call you and ask what has been paid. To avoid this you can send them the payment advice and directly let them know.

Best regards,

Ludwig

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Patrick van Heijningen on at

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Dear Veronika & Ludwig,

Thanks for answering my question; it all makes sense now! :)

Kind regards,

Patrick

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Veronika Filonenko 1,261 on at

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Amazing finding Ludwig! I would never have thought that this it what it was for!

Thanks as usual!

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