Settings and activity
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2 votes
Thanks for clarifying this for us Will, that context is really helpful.
I understand the main ask is to have the option to record prepayments either directly to the bank line, as they are today, or to Accounts Payable so they can be included in a batch payment run. I can also see how this would help in all three of the scenarios you mentioned: supplier payments processed through batch payments, pro-forma invoices, and keeping the audit trail visible when the final invoice goes through ApprovalMax.
I appreciate you taking the time to explain the current workflow and why it’s creating extra work, especially needing to manage two separate payment runs.
We’ll move this idea to Gaining Support so we can gauge community interest and better understand how many customers would benefit from this workflow.
Will Phillips
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An error occurred while saving the comment Will Phillips
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64 votesWill Phillips
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60 votesWill Phillips
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269 votes
Hi everyone, thanks for sharing your feedback on prepayment and accrual schedules. We appreciate you explaining how important this is for your month-end processes and workflow efficiency.
I’d like you to know your idea's been carefully reviewed by our product team. They appreciate and understand the need for tracking revenue and expenditure related to prepayments and accruals, however at this time with other initiatives in the roadmap such as improving the bill creation and payment processes there are currently no plans for this in the pipeline.
We’re keeping a close account of the support in this here, and will continue to review this opportunity within future planning. If there’s any progress made I’ll be sure to share with you all, here.
Will Phillips
supported this idea
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Hi Davina,
All 3 instances to be honest. This would also save us from having to run 2 payment runs, 1 through Batch payment and 1 entered directly onto the bank (for the Pro-forma/prepayment).Then when the invoice does actually arrive it can go through Approval Max as normal to drop into the Accounts payable against the credit from the Prepayment.
Are you able to give it the option as a drop down to either post directly to the bank or Accounts Payable?
Thanks
Will