The Payment Times Reporting Scheme (PTRS) was introduced by the Australian Government from January 2021, with an aim to improve payment times for Australian small businesses.
PTRS requires large businesses and large government enterprises to report their small business payment terms and times.
Dynamics 365 Finance and Supply Chain now have the built-in functionality to allow organisations to generate this report automatically.
For this report to be generated, required vendors need to be flagged as "Small businesses", as per the image.
Then go to Accounts Payables > Periodic Tasks > Statistics on invoices and run "Calculate Statistics".
This process will generate the statistics for all AP invoices and payment.
After the statistics are generated, click "PTRS report" to generate the Excel files that you can send to the Australian government:
The PTRS reports generated in Excel will have a summary tab and a detailed tab.
The summary tab will contain the report header and payment statistics for the selected period:
The detailed tab will have a list of invoices and payment date for the selected period:
These reports can be used for PTRS lodgement through Payment Times Reporting Portal
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