Cash Flow Scenario Options – Cost Payment Processing

Genesis edition only.

The Cost Payment Processing section of the Cash Flow Scenario Options window allows you to set the Payment Accrual rules for all Resource Type/Categories in your project. This specifies the delay between when a resource is used and when the actual cost payment will be processed as part of the Cash Flow Scenario. Advanced/Deferred costs can be applied as a contingency for unforeseen events that result in a cost occurring.

To change the information in this section, click the Edit button  in the Cash Flow Scenario Options ribbon menu.

Cash Flow Scenario Options window – Cost Payment Processing

PAYMENT PROCESSING RULES

The processing rules can be set on either a resource itself or inherited from the nearest configured Resource Type/Category folder. In order to set a processing rule, you must first select a Resource or Resource/Type. Once selected, the pane to the right-hand side will allow you to define a processing rule or if the Resource or Resource Type/Category will inherit its processing rule. To differentiate inherited processing rules from set rules, any Resource or Resource Type/Category that is inheriting will be summarised using grey italic text.

The three payment processing rules you can set are:

OPTION

DESCRIPTION

Process payments on the day of usage

If this option is selected, the payment is made the same day as the Resource is used.

Process payments on a specific day each period

If this option is selected, you can define the number of calendar days that payment of Resources used are to be processed from either the Start or End of a set time period.

Time periods can be set to either Weekly, Monthly or Yearly.

Process payments at a regular interval from a given start date

If this option is selected, you can set the frequency, in calendar days, that payment of Resources used are processed from a defined Start Date.

Note: Any Cost Payment Processing rules will be combined with any Cost Payment lags defined in the Cash Flow Scenario Options – Cost Payment Lag window.

By default, all Processing rules are set to process payments on the day of usage. At any time, the processing rules can be reset back to this default for all Resources, by clicking on the Reset to Default button to the bottom left-hand side of the window.