Planning payables activity in Cash Plan

Modified on Wed, 02 Aug 2023 at 02:51 PM

Summary - This article covers how users can use the cash plan to plan their payables activities and lists the required permissions.


TABLE OF CONTENTS

Cash Plan in Monitor Cash and Forecast Cash Flow:

  • Cash Plan enables users of Centime to plan their payables activities and view the impact on their closing balance and cash flow.


  • Users can access the cash plan from the “CASH PLAN’ tab in the Monitor Cash and Forecast Cash Flow solution.



  • The landing consists of a cash impact graph and a table with invoices on which payments can be planned.


  • Users are able to view the impact of their planned activities on their cash flow with the cash flow graphs.


Using Cash Plan for Payables:


Users with the permission ‘Plan Payables’ are able to plan payables in the Cash Plan.


Planning:


  • From the table, users can select one or multiple invoices to plan payments.




  • Users are able to view and plan on invoices with the status “Ready to pay’, ‘Failed’, and ‘In process’.


  • Users can modify payment amount, payment method, and payment date in a plan.


  • Once a plan is saved, the planned invoices are indicated with a ‘P’ icon.



  • Users are able to view the impact of the planned actions on the cash impact graphs.


Permissions needed to access this feature:


Permissions inPermissions title
Monitor Cash and Forecast Cash FlowsPlan Payables



Planned invoices in Manage Payables:


  • In Manage Payables, planned invoices are marked with a ‘P’ icon.



  • Users can view the payment amount, payment date, or the payment method set in the plan.


  • Payables users can accept a plan by scheduling the payment on the invoice. 


  • Payables users are able to change the plan by modifying the payment amount, payment method, or payment date. When a plan is modified, the ‘P’ icon is dismissed but the suggested plan is recorded in the invoice history section.


Permissions to access this feature:



Permissions inPermissions title
Manage PayablesSchedule payments and manage the AP workflow (recall, mark paid, post)











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