The Processor Invoice Settings page defines the key parameters the system uses to automatically set up the default Advance Admin and Month End Admin settings for generating processor invoices. Administrators can set payment due dates, update payee details, add standard notes, and configure late payment interest. These settings ensure accurate billing schedules and timely receipt of funds to support producer payments.
Note: Only one processor invoice setting parameter can be active at a time. The active parameter displayed is the one with the most recent date.
To open the Processor Invoice Settings page:
•Click the Invoice Settings arrow on the navigation menu, and then select Processor Invoice Settings.
The Processor Invoice Settings page provides:
•View of the schedule for processor invoices
•Ability to add, edit, and delete parameters such as payable to, effective date, last day of mid month, advance funds day, and month end funds due day
•Ability to sort column details in ascending or descending order