Invoice Settlement - Payables, Trade, and Supply Chain Finance Terms and Conditions
When I settle an invoice, do I need to also pay the outstanding or balance of fees?
Yes.
When it's time to settle your invoice on the Revised Due Date, you'll want to make sure to pay the full invoice amount along with any other outstanding fees that are due. However, if you make a payment before the Revised Due Date, you don’t have to pay the full amount at that time.
Just a friendly reminder: if you're making a part-payment, any outstanding fees or interest will be settled first based on the payment date. The remaining balance will then go toward the principal amount.
We invite you to check out our helpful training video on how to settle an invoice! Simply click on the video below.