APP
Accelerated Payment Program.

Bank Account
Last digits of the bank account to which the payment to your company has been made.

Base Date
The Invoice Date or any other agreed date that represents the start of the Payment Term.

Base Date Description
Indicates what date has been used as the base date (e.g. Invoice Date).

Client
Your customer under a Purchase Order.

Client Name
Name of your client to which the payment or invoice is related.

Client Division
Name of the division of your client to which the payment or invoice is related.

Client VAT Registration Number
VAT registration number of your client (if available).

Comment
Comment added by your client related to the invoice.

Contact Email
Email address of a contact at your clients in case you have questions related to your invoice (if available).

Contact Name
Name of a contact at your clients in case you have questions related to your invoice (if available).

Credit Applied invoice
Invoice number of the invoice from which the credit has been deducted.

Currency
The currency of your invoice (e.g. Euro = "EUR", US Dollar ="USD", etc).

Days Sales Outstanding (DSO)
Days sales outstanding reflects the average number of days it takes to collect receivables. The formula for days sales outstanding = (accounts receivable/sales)*365).

Days Sales Outstanding Improvement
The number of days improvement in your company's overall days sales outstanding as a result of the early payment through the TPS Accelerated Payment Program with this client.

Reduction Amount
Amount deducted from the payment of your invoice in exchange for accelerated payment of your invoice. The Reduction can be a discount or a Variable Merchant Fee (VMF), depending on the type of APP implemented at your client. Please see invoice details on this site and communication sent to you by TPS and/or your client. The invoice details can be seen by logging into the secured part of the website, navigating to the invoice overview and clicking on a specific invoice number. A new window will pop-up. The Reduction Amount is calculated by multiplying the gross amount of an invoice by the Reduction Rate (for discount, the gross amount used for the calculation includes or excludes VAT depending on the client decision relating to discount application in its country, while for VMF, the gross amount used for the calculation always includes VAT). The Reduction Amount is always deducted from the gross amount (incl.VAT).

Reduction Rate
Reduction Amount expressed as a percentage of the gross amount of an invoice. When the reduction relates to a discount this gross amount may includes or excludes VAT depending on the client decision relating to discount application in its country, while when the reduction relates to a VMF, the gross amount always includes VAT). The rate depends on the number of days the invoice is paid before the normal payment date.

Reduction Calculated on Gross Amount incl. or excl. VAT
Indicates if the reduction is calculated on the gross amount of the invoice VAT included (“Incl”.) or VAT excluded (“Excl.”).

Early Payment Days
Number of days between the Payment Date and the Normal Payment Date.

Goods Received Date
Date your goods/services have been received by your client (if available).

Gross Amount (Excl. VAT)
Total amount of the invoice, VAT excluded.

Gross Amount (Incl. VAT)
Total amount of the invoice, VAT included.

Invoice Approval Date
Date your invoice has been approved for payment by your client (if available).

Invoice Due Date
Base Date plus the payment term.

Invoice Entry Date
Date your invoice has been entered in your client’s AP system (if available).

Invoice Received Date
Date your invoice has been received by your client (if available).

Invoice Date
The date that appears on your invoice.

Invoice Number
The invoice number or reference number your company assigns to a particular invoice for identification purposes.

Invoice Status
Indicates the status of your invoice (e.g. “Booked” if the invoice has been received by your client but not yet approved for payment, “Approved” if the invoice has been approved for payment by your client but not yet paid, “Paid” if the invoice has already been paid to your company).

Invoice Type
Indicates what’s the type of your invoice (e.g. NORMAL for a normal invoice, CREDIT for a credit note).

Normal Payment Date
Date when the invoice would have been paid if it had not been paid through the TPS Accelerated Payment Program.

Number of Invoices
Number of invoices included in the payment done to your company.

Paid Amount
Invoice gross amount (incl. VAT) minus the Reduction Amount.

Payment Date
Date when the payment is initiated via Electronic Funds Transfer (EFT).

Payment Term
Number of days after which the gross amount of your invoice to the client is due..

PO Number
The number that appears on your client's Purchase Order to identify and track purchases.

Supplier Name
The name assigned by your client to identify your company in its systems.

Supplier Number
The number assigned by your client to identify your company in its systems.

Total Annual Sales for your Company
Your company's annual sales to your client.

TPS
Trade Payables Services.

Voucher Number
The number or reference number your client assigns to a particular invoice for identification purpose.

Working Capital
The working capital position of your company measures the efficiency of management to use your short-term assets and liabilities to generate revenues. Formula: current assets minus current liabilities.

Working Capital Improvement
The improvement in your company’s working capital position as a result of the early payment through the TPS Accelerated Payment Program.

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