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Payment Day

What is Payment Day in Businessflo​

In Businessflo, Payment Day refers to the specific date on which a payment is due or scheduled to be made. It represents the deadline or the agreed-upon day when a payment should be completed, whether it's for goods, services, or other financial obligations. Payment days can vary depending on the terms and conditions established between parties involved in a transaction, such as customers and suppliers, or based on contractual agreements or billing cycles. It is important to adhere to payment deadlines to ensure smooth financial transactions and maintain good business relationships.

How to Create a Payment Day in Businessflo​

  • Module: AR - Accounts Receivable
  • Process Code: ARPD - Payment Day

There are two options available to navigate to this screen.

  • Click on Accounts Receivable -> Payment -> Payment Day
  • Write the process code for this screen in the search bar which will navigate you here directly.

The list displays the existing Payment Day generated in the system. You have the option to either create a new Payment Day by clicking the "New" button or select from the list of available Payment Days to view, edit, or delete them.

Process​

payment-day

To create a new payment day, fill in the necessary details:

Basic Data Tab​

You can populate the grid based on your specific needs and requirements.

  • Now click on Save to save the information provided.