With Costpoint's pay when paid functionality, you can hold payments for a vendor until you receive payments from your customer.

Use the setup features for Accounts Payable and the setup features in Projects to enter one or more accounts payable vouchers with the status of pay when paid. These vouchers are not released for payment until your company bills and posts the appropriate cash receipt from your customer.

For a pay when paid voucher, use this screen to accumulate information from voucher history, billing history, and accounts receivable history. Executing this process ensures that the most accurate information is evaluated when attempting to select pay when paid vouchers for payment. You can select vouchers for payment via the Select Vouchers for Payment screen or the Edit Voucher Payment Status screen.

If your company uses the pay-when-paid function, you must run this update as part of your normal payment process. After posting vouchers, but before selecting vouchers for payment, run this process to collect information if pay-when-paid items have been billed and fully settled so they can be validated and selected for payment on the Select Vouchers for Payment screen. In order to obtain the most accurate data, Deltek recommends that you refrain from running this function when new vouchers, bills (via the Projects folder), or new cash receipts are being posted.