Payment Times Report (PTR)
The Payment Times Report (PTR) is a legislative requirement for large businesses in Australia that have a trade credit arrangement with small businesses. The report contains payment terms and practices for your small business suppliers. The PTR is submitted within three months after the reporting period and lodged to the Payment Times Reporting Portal.
To generate PTR, you must install the ANZ Localization SuiteApp and enable the PTR report in your account.
For more information about the prerequisites before installing the ANZ Localization SuiteApp, see Installing ANZ Localization.
For more information about enabling the PTR report, see Enabling ANZ Features.
You can generate the PTR from the Country Tax Reports page. To generate a report, see Generating the Payment Times Report.
Before generating a PTR, you must first do the following:
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Set up your account to be able to show Australian Dollar (AUD) in your PTR if your Australian subsidiary does not use AUD for transactions. See Reported Data in the Payment Times Report.
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Configure your PTR. See Payment Times Report Configuration.
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Identify your small business suppliers. See Identifying Small Business Suppliers for Payment Times Reporting and Generating a Supplier ABN List Report.
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Identify bills to include in the PTR. See What to Include in the Payment Times Report.
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Identify items and vendors to exclude from the PTR. See Items and Vendors to Exclude from Reporting.
You need to update the ANZ_VendorBill_ue.js user event script one time to enable the Before Submit function. Enabling this function ensures that the PTR script can do the following:
If your first installation of the ANZ Localization SuiteApp is earlier than version 2.0.0, do the following:
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Ensure that your account has the latest version of the Suiteapp.
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Update the
ANZ_VendorBill_ue.jsuser event script one time to enable the Before Submit function.
Enabling the Before Submit function ensures that the PTR script can do the following:
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If you enter a date in the Date Received field on the vendor bill, the script will save it and use it to calculate the PTR payment brackets.
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If the Date Received field on the vendor bill is left blank, the script will use the vendor bill’s transaction date (Field ID: trandate) to calculate the PTR payment brackets.
To enable the function, see Updating the ANZ Vendor Bill Script for Payment Times Report. If you have completed this procedure before, disregard this note.