A/P Payment Update - Cost Center Information
If cost centers are being used, when you click the Payment Register button on the Payment Processing menu Spectrum will permit access to the starting screen only if you have permission for the cost centers of all invoices selected for that processing group. Spectrum compares the cost center assigned to each included invoice with cost centers in your assigned cost center scheme, and if there are no common cost centers on any invoice, then you will not be allowed to proceed.
During the update, if the Enterprise Installation option for Allow G/L account overrides by cost center is selected, Spectrum will assign discount taken amounts to multiple General Ledger accounts, by cost center based on a list of override G/L accounts in Accounts Payable Installation.
This update supports multi-cost center (and multi-entity) transactions. When the designated ‘payment cost center’ and the invoice header cost center are different, the software will post the applicable ‘inter-post’ amounts through the 'payment inter-post’ G/L account designated in Accounts Payable Installation - G/L Codes. Furthermore, when those cost centers are assigned to different entities, the applicable ‘inter-entity’ G/L accounts specified in ‘Entity Inter-Post Maintenance’ will be assigned.