Reports - Payment Times Report

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Reports - Payment Times Report

The Payment Times report shows the dates that supplier invoices were paid and gives totals for the number of invoices paid within certain periods of time, the value of invoices paid, as well as the value paid to small businesses. It also produces a report of the individual transaction details.

It produces a report that complies with the requirements of the federal government's Payment Times Reporting Scheme.

Technical Tip

For MCL to recognise a small business type supplier, you need to create a user defined question on the Creditor master file with a Yes/No response, e.g. "Is this a small business supplier?". This must be the first UDQ on the Creditor master file.

Select REPORTS | PAYMENT TIMES REPORT.

Micronet displays the Payment Times Reporting screen.

Complete the following fields:

	Field	Value
	Description of Entity Main Business Activity	Enter the entity’s primary, or main business activity based on the ATO business industry codes.
	Controlling Corporation	Enter the business name of the controlling corporation.
	ABN	Enter the controlling corporation's aBN.
	Principle governing body	Enter the name of the partnership, trust or entity type (other than a controlling corporation) which is the head entity.
	ABN	Enter the principle governing body's ABN.
	Start Period Date	Enter the start date of the reporting period.
	End Period Date	Enter the end date of the reporting period.
	Employee Name	Enter the name of the person submitting the report.
	Employee Email Address	Enter that person's email address.
	Employee Phone Number	Enter that person's phone number.
	Responsible Member	Enter the name of the person within the entity who approved the report.
	Date	Enter the date the report was signed as approved.

Select Accept.

Micronet displays the Select Output Device screen.

Select whether you want the report displayed on screen, printed, saved to a specific type of file, faxed, or emailed in a specific format.

Reference

For more details on these options, refer to "Selecting the Output for Inquiries and Reports".

Micronet prints or displays the Payment Times report. The first report provides summary totals while a second report provides the details of the individual transactions that make up the totals.