Expedited Payment Processing Rule: A payment will qualify for expedited processing by Treasury if: a) Comptroller and the responsible Agency secure advance approval from Treasury; b) The payment request includes an appropriate priority code; and c) The payment request a Due Date not more than five days after the Treasury Received Date. Discounted Invoices Payment Rules: If a payment request includes the Payment Terms and the Payment Terms Basis Date, Treasury will calculate the Discount Date. If the Discount • Date allows five or more business days for processing, Treasury will calculate and apply the discount amount to the payment. If a payment request fails to include either the Payment Terms or Payment Terms Basis Date, the payment request will be rejected. • If a payment request includes a Due Date in addition to the Payment Terms and the Payment Terms Basis Date, Treasury will disregard the Due • Date and will calculate the Discount Date. If the Discount Date allows five or more business days for processing, Treasury will calculate and apply the discount amount to the payment. o If the Discount Date allows less than five business days for processing, or if for any other reason Treasury cannot meet the Discount Date, it o will assign payment for the net amount and Net Date provided for by the Payment Terms. If the Net Date provides less than five business days for processing, Treasury will utilize the Invalid Due Date Rules (non-payroll) to establish o the Scheduled Payment Date. The following are examples of how different Payment Term scenarios will be handled: Scenario Due Date Payment Terms Payment Discount and Net Treasury Scheduled Action Basis Date Date Received Date Payment Date Payment Terms Not provided 2% 10 days Net 3/28/13 D: 4/8/13 N: 4/4/13 4/26/13 Use Net Date. No provided. 30 days 4/26/13 Invalid Due Date Discount can be Apply met but Due Date Less than 5 days from today's date Payment Terms Not provided 2% 10 days Net 4/1/13 D: 4/11/13 N: 4/4/13 4/11/13 Use Discount provided. 30 days 5/1/13 Date. No Invalid
Expedited Payment Processing Rule: A payment will qualify for expedited processing by Treasury if: a) Comptroller and the responsible Agency secure advance approval from Treasury; b) The payment request includes an appropriate priority code; and c) The payment request a Due Date not more than five days after the Treasury Received Date. Discounted Invoices Payment Rules: • If a payment request includes the Payment Terms and the Payment Terms Basis Date, Treasury will calculate the Discount Date. If the Discount Date allows five or more business days for processing, Treasury will calculate and apply the discount amount to the payment. • If a payment request fails to include either the Payment Terms or Payment Terms Basis Date, the payment request will be rejected. • If a payment request includes a Due Date in addition to the Payment Terms and the Payment Terms Basis Date, Treasury will disregard the Due Date and will calculate the Discount Date. o If the Discount Date allows five or more business days for processing, Treasury will calculate and apply the discount amount to the payment. o If the Discount Date allows less than five business days for processing, or if for any other reason Treasury cannot meet the Discount Date, it will assign payment for the net amount and Net Date provided for by the Payment Terms. o If the Net Date provides less than five business days for processing, Treasury will utilize the Invalid Due Date Rules (non-payroll) to establish the Scheduled Payment Date. The following are examples of how different Payment Term scenarios will be handled: Scenario Due Date Payment Terms Payment Basis Date Discount and Net Date Treasury Received Date Scheduled Payment Date Action Payment Terms provided. Discount can be met but Due Date Less than 5 days from today's date Not provided 2% 10 days Net 30 days 3/28/13 D: 4/8/13 N: 4/26/13 4/4/13 4/26/13 Use Net Date. No Invalid Due Date Apply Payment Terms provided. Not provided 2% 10 days Net 30 days 4/1/13 D: 4/11/13 N: 5/1/13 4/4/13 4/11/13 Use Discount Date. No Invalid
Solicitation_4.docx&OriginalFileName=APPENDIX%20K%20-%20INT055%20Payment%20Request%20Interface%20Agency%20Guide%20Inbound.docx