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    Payment Run Overview
    • 23 Dec 2024
    • 3 Minutes to read
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    Payment Run Overview

    • Dark
    • PDF

    Article summary

    The Payment Run screen provides a User with a list of Approved AP Invoices, which can be filtered by Vendor, Location Reporting Category, and Invoice Priority. The User can then apply AP Credit Memos & Discounts, create AP Payments, print Checks, and produce ACH and Positive Pay exports for selected invoices. In order to fully utilize the Payment Run screen, Vendors must be properly set up (including all fields on both the 'General' and 'Vendor Additional Info' tabs), Bank Account balances and next check numbers need to be updated, and AP Invoices, AP Credit Memos and any Payment Terms Discounts must be entered and Approved.

    To create a Payment Run, perform the following steps in order:

    1. Hover over 'Vendor' in the top ribbon and select 'Payment Run'.

    2. Use the 'Select Invoices From' selector to select the Legal Entities (and thereby indirectly select the Locations) from which to populate the Invoice Grid.

    3. Select the Checking Account that will be used to pay all selected AP Invoices.

    4. Select the Location that will be listed on the Header of all AP Payments created in the payment run.

    5. Set the Payment date that will appear on each AP Payment.

    6. Verify the Bank Account Balance and Next Check Number.

    7. Select which AP Invoices will be paid

      • Invoices can be filtered by Due/Discount date, Vendor Group, Location Reporting Category, or Invoice Priority.

    8. View and Apply AP Credit Memos.

    9. Create Payments.

    10. Print Checks.

    11. Close the Payment Run.

    AP Invoices that are put on hold will not appear in a Check Run. Click here for more information on Payment Holds.


    Security

    Payment Run Permissions are found in the Permission Tree as follows:

    • Payment Runs

      • View Payment Runs

      • Export ACH in Payment Runs

      • Send/Edit R365 Payments

      • Email ACH Stubs in Payment Runs

      • Print Checks w/Signature in Payment Runs

      • Print Checks in Payment Runs

      • Create/Edit Payment Runs

      • Create Checks in Payment Runs

      • Approve Payment Runs

      • Unapprove Payment Runs

        Delete Payment Runs


    These permissions can be added to custom user roles or individual users. The Permission Access report can be used to determine which user roles or users already have these permissions assigned. For more information, see User Setup and Security.


    Users can access the Payment Run by logging in through a web browser, hovering over the 'Vendor' menu in the top ribbon, and selecting 'Payment Run'.


    Payment Run Record

    The Payment Run Record is where Users can select Approved AP Invoices, apply AP Credits and create AP Payments. Click here for more information on the Payment Run Record.


    Perform a Payment Run

    Click here for detailed steps on how to Perform a Payment Run.


    Saved Payment Runs

    Payment Runs can be saved for future Use. Click the 'Save PMT Run' action on the Payment Run screen to save the Payment Run. Saved Payment Runs can be loaded from the 'Saved Payment Runs' selector.


    Payment Date

    Payment Dates can be set for all Invoices, or just unchecked invoices. Click here for more information on Payment Date.


    Discounts from Early Payment

    Discounts, taken as a result of Discount Payment Terms, can be applied on the Payment Run. Click here for more information on Discounts from Early Payment.


    Applying AP Credits

    AP Credit Memos that have been entered and Approved can be applied to AP Invoices on the Payment Run. Click here for more information on Applying Credit Memos.


    Payment Runs Page

    The Payment Runs page lists all Payment Runs created along with their details and statuses. Users can update a Payment Run via this window. Click here to learn more about the Payment Runs page.


    Payment Runs Page: Payment Run Statuses 

    Payment Runs can have one of five statuses to show at what stage in the approval and payment creation process it is located. Click here to learn about Check/Payment Run Statuses.


    Creating Payments

    Depending on the Payment Method of the Vendors that will be paid on a Payment Run, AP Payments, Checks, Positive Pay Exports, and ACH Stubs can all be created on the Payment Run. Click here for more information on Creating Payments.


    ACH Payments

    ACH exports and ACH Stubs can be produced on the Payment Run Payment Created prompt. Click here for more information on Creating Payments.


    Positive Pay

    Positive Pay can be exported from the Payment Run Payment Created prompt. Click here for more information on Creating Payments and Positive Pay Reports.


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