Extended Payment Suggestions

The extended payment suggestion in 365 business Banking pays vendors, customers and employees in one run, with templates and customer-vendor netting.

Business Value

In standard Microsoft Dynamics 365 Business Central, you suggest vendor and employee payments separately and enter the settings again for every run. Customer credit balances and netting with business partners who are both customer and vendor require manual work. The extended payment suggestion performs these steps in one run, with settings stored once and a netting statement for the business partner.

Feature Description

• In the Payment Journal, Suggest Payments creates lines for vendors, customers and employees. When you run it, you only choose the Template Code and the Last Due Date.
• All other settings are stored in the Extended Payment Suggestion Template: account types, Find Payment Discounts, Summarize per Account, Available Amount (LCY), Use Vendor Priority and entry filters. As in the standard, Find Payment Discounts also suggests entries whose payment discount date or payment discount tolerance date falls within the period, even if they are due later.
• You build the Message to Recipient per account type with placeholders such as {External Document No.}. If a summarized payment does not fit into 140 characters, it is split or receives a remittance advice. This applies to vendors, customers and employees.
• Credit memos are offset, not paid out.
• With Apply Customer-Vendor Netting, the suggestion nets receivables and payables of the same contact and creates a Netting Statement, numbered from the Netting Statement Nos. in Banking Setup. It offsets receivables that are not yet due only with the template option Offset Receivables Not Yet Due.

Details: Extended payment suggestion