Supplier Payment Configuration
You can see and update the supplier's payment method details from this page.
Click Payment in the menu below the supplier name.
| Field | Description | Mandatory | Example |
|---|---|---|---|
| Company | The identity of the company to which the supplier is linked. | Yes | MPUK |
| Payment Advice | Should a payment advice be printed when processing automatic supplier payment. | No | No advice |
| Interest Template | Most of the time used with 1 value (No interest) | Yes | 1 |
| AP Supplier Contact | Contact used for AR communication for this supplier. Information comes from Communication Method in Supplier. | No | |
| Use Default Payment Method for Installments | If this checkbox is selected, the supplier's default payment method will be copied to the header and installment lines of all new invoices and difference items created for the supplier. The default payment method will also override any payment method connected to the used terms of payment. This checkbox cannot be selected for one-time suppliers. | No | Yes/No |
| Payment Method | The method by which the supplier makes payments when direct debiting is used. This method is used as a selection criterion for loading direct debiting proposals and for creating direct debiting orders. | Yes | SEPA |
| Electronic Payment Address | Configuration of the bank account of the supplier in case you
generate payments from IFS Cloud for this
supplier. Refer to: Electronic Payment Address Configuration. |
No |