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Accounts Payable Payment Schedule

The scheduled due date in ConnectCarolina is not the voucher payment date; this is a system-calculated date based on invoice date and payment terms. The following outlines how voucher payment date is determined.

ACH voucher

  • Approved or posted by end of day Thursday, selected in the pay cycle on the Friday for payment the following Friday (one week after posting).
    • EXAMPLE: Approved/posted by Thursday, 3/21/24, will pay on Friday, 3/29/24
  • Approved or posted on Friday, selected in pay cycle the following Friday, pays in two weeks on Friday (two weeks after posting).
    • EXAMPLE: Approved/posted by Friday, 3/22/24, will pay on Friday, 4/5/24

Check voucher

  • Approved or posted by end of day Wednesday, selected in the pay cycle on the Thursday for payment the following Friday (one week after posting).
    • EXAMPLE: Approved/posted by Wednesday, 3/20/24, will pay on Friday,3/29/24
  • Approved or posted on Thursday, selected in pay cycle the following Friday, pays in two weeks on Friday (two weeks after posting).
    • EXAMPLE: Approved/posted by Friday, 3/22/24, will pay on Friday, 4/5/24

Virtual card (vcard)

  • Pays on Tuesdays and Thursdays (must be approved/posted prior day)

Wires

  • Pays on Tuesdays and Thursdays (must be approved/posted prior day)
All scenarios above assume payment terms have been met. If a voucher posts on 3/10 and the invoice date is 3/5 with Net 30 pay terms, it will not be selected in the next pay cycle.

Vouchers are not able to be added once a pay cycle has been created.