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7) what is the importance of next Posting or Payment date
in APP and how it will effect the business?
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Answer Posted / imran m arab
The next posting date is used in order to check the due
dates of the payables, if an open item is overdue on the
date of next posting run it will include in the next payment
run,
The business effects are, if the overdue items is not paid
the company has to pay interest on the arrears and will not
be eligible to get the discounts on the early payment.
| Is This Answer Correct ? | 8 Yes | 3 No |
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