Holds that we can apply manually or that Payables applies, prevent payment and, in some cases, creation of accounting entries for an invoice. We can remove holds that we apply, and we can manually release certain holds that Payables applies during APPROVAL.

Payables provides some generic invoice holds for our use, and we can define our own, based on our invoice approval needs. We can ALSO prevent payment of supplier invoices by placing a hold on the supplier rather than on each individual invoice.

There are two major category of hold

• Manual Hold
• System Hold.

Manual hold we can CREATE and release manually where as system hold is created by system and normally released by system after due rectification.

There are THREE types of holds we can use to prevent payment of an invoice

Invoice Hold:We can manually apply one or more Invoice Hold Reason Approvals (”holds”) to an invoice using the Invoice Holds window of the Invoice Workbench.

Scheduled Payment Hold: We can hold payment on part of an invoice by placing one or more of the scheduled PAYMENTS on hold in the Scheduled Payments window of the Invoice Workbench.

Supplier Hold: In the Supplier Sites window, we can enable the Hold All Payments, Hold Unapproved Invoices, or Hold Unmatched Invoices options. We also have the option of specifying an Invoice Amount Limit for a supplier site.

Holds that we can apply manually or that Payables applies, prevent payment and, in some cases, creation of accounting entries for an invoice. We can remove holds that we apply, and we can manually release certain holds that Payables applies during Approval.

Payables provides some generic invoice holds for our use, and we can define our own, based on our invoice approval needs. We can also prevent payment of supplier invoices by placing a hold on the supplier rather than on each individual invoice.

There are two major category of hold

Manual hold we can create and release manually where as system hold is created by system and normally released by system after due rectification.

There are three types of holds we can use to prevent payment of an invoice

Invoice Hold:We can manually apply one or more Invoice Hold Reason Approvals (”holds”) to an invoice using the Invoice Holds window of the Invoice Workbench.

Scheduled Payment Hold: We can hold payment on part of an invoice by placing one or more of the scheduled payments on hold in the Scheduled Payments window of the Invoice Workbench.

Supplier Hold: In the Supplier Sites window, we can enable the Hold All Payments, Hold Unapproved Invoices, or Hold Unmatched Invoices options. We also have the option of specifying an Invoice Amount Limit for a supplier site.