The Priority Status of a Vendor and AP Invoice can be selected to help determine which invoices should be paid first on a Check Run. This process can help maximize cash flow.
The Priority Status is then displayed on the following:
- Vendor Record
- AP Invoice Form
- Check Run Screen
On the 'Vendor Additional Info' tab of the desired Vendor Record, navigate to the 'Vendor Priority' selector to choose the necessary Priority Status of paying this Vendor. Priority Statuses include:
Selecting and saving a Priority Status for a specific Vendor will cause the Priority Status of an AP Invoice to auto-populate to this status when the Vendor is chosen. The Vendor Priority will also follow the Vendor on a duplicated or memorized transaction.
AP Invoice Form
If a selected Vendor has a Priority Status assigned to its record, the 'Priority' field on the AP Invoice Form will be updated to that status. However, this field can be manually updated to one of the following statuses:
Once Saved and Approved, this status will be displayed with the Invoice on the Check Run screen.
Check Run Screen
On a Check Run, the 'Invoice Priority' selector allows AP Invoices to be filtered by Priority Status, making the payment process more efficient for your Accounting Clerks.