Accounts Payable Advisory No. 65

Accounts Payable Advisory
Office of Operations
Bureau of State Expenditures
Advisory Name
Accounts Payable Advisory No. 65
Date Issued
03/30/2020
Date Last Updated
03/30/2020

Subject:

Adjusting the Scheduled Due Date

Guidance:

Agencies should only override the system calculated Scheduled Due Date on an exception basis. It may be necessary to override the calculated Schedule Due Date in special circumstances such as lapsing, fiscal year-end, and emergency payments. For these circumstances, agencies should review the guidance on Adjusting the System Calculated Schedule Due Date in Guide to Financial Operations (GFO) Chapter XII, Section 5.F.4 – Selecting the Appropriate Payment Terms, to enable the Statewide Financial System to pay the voucher at the appropriate time. Failure to follow this guidance prior to adjusting the Scheduled Due Date may cause the voucher to pay at an unexpected time.

Reference:

Guide to Financial Operations (GFO) Chapter XII, Section 5.F.4 – Selecting the Appropriate Payment Terms