Ensuring Vendors Get Paid on Time & Continue Servicing Your Property
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1. Transferring BCL on time allows accounting to stay on schedule and gets your vendors paid on time. Delayed BCLs can result in delayed vendor payments and impact vendor service levels at your property.
- Weekly transfers are due on Thursdays
- Month End transfer is due on the 3rd Thursday of the month, after Powersite Month End
2. The Preview Report is only the first step in the BCL transfer process
- You must complete the Create File and List step before you send the BCL transfer e-mail. The BCL transfer e-mail needs to include the INVOICE.BCL file attachment.
3. Always Overwrite the previous week’s file.
- Appending rather than Overwriting the previous week’s file adds the current week to the previous week.
4. Double check that you have included the current week INVOICE.BCL file with the e-mail
5. Please include the transfer amount in the email. That expedites the reconciliation process for accounting and gives you the opportunity to double check that you have attached the correct file.
6. During the BCL month end process, there is one additional step.
- First, process a weekly BCL transfer and then do the additional step of processing the BCL month end.
- Without processing month end, new invoices will continue to be entered against the prior month.
Thank you for your attention to these details and please contact your AMSI Peer Trainer if you have any questions. For more AMSI and Accounting Information check out the Cambridge University section of this website.