Payment Times Report 2025 Configurat...

TL;DR: The Payment Times Report (PTR) Configuration in NetSuite 2026.1 provides a framework for businesses in Australia to comply with the Payment Times Reporting mandate. This article details the setup process and the fields within the Entity and Approval Information Subtab.

Overview of the Payment Times Report Configuration

Starting in NetSuite 2026.1, the ANZ Localization SuiteApp includes a dedicated configuration page for the Payment Times Report (PTR) 2025, essential for large businesses dealing with small business suppliers in Australia. This report is designed to capture and report on payment terms and practices, facilitating compliance with Australian regulations.

How to Configure the Payment Times Report

To successfully set up the Payment Times Report, follow these steps:

If you possess Administrator privileges, navigate to Setup > ANZ Localization > Reporting Setup. If not, go to Setup > Other Setup > Reporting Setup.
Select your Subsidiary for which the report is intended.
Complete the required fields across the following subtabs:
- Entity and Approval Information Subtab
- Payment Details Subtab
- Others Subtab
Click Save to finalize your entries.

Entity and Approval Information Subtab

The Entity and Approval Information Subtab is crucial for capturing the approver's details. Here are the fields involved:

Field Name	Type	Description
First Name	Text	Controlling corporation or first name of the responsible member who approved the report.
Last Name	Text	Controlling corporation or last name of the responsible member who approved the report.
Approval Date	Date	The date when the report is approved; must precede the Responsible Member Declaration date.
Signed	Checkbox	Indicates if the report has been signed by the approver.
Declaration	Checkbox	Confirms that the information in the entity information form is true and correct.

Additional Subtabs

While the article focuses on the Entity and Approval Information Subtab, don’t forget to configure the Payment Details and Others subtabs, which contain fields relevant for capturing payment practices and comments related to the report.

Who This Affects

The following roles are directly impacted by the Payment Times Report configuration:

Administrators: Responsible for setting up and configuring the report.
Accountants: Utilize the report for compliance and to ensure payment practices are accurately reported.
Financial Officers: Review and approve the report content for organizational adherence to legal standards.

Key Takeaways

The Payment Times Report 2025 Setup in NetSuite 2026.1 enables compliance with Australian regulations.
Accurate configuration of the Entity and Approval Information is critical for submitting the PTR.
Review all subsections of the report configuration to ensure comprehensive data collection.

With these adjustments, users can correctly compile their Payment Times Reports in NetSuite, ensuring compliance with the latest reporting requirements.

Frequently Asked Questions (4)

Do I need special permissions to configure the Payment Times Report in NetSuite 2026.1?

Yes, Administrator privileges are required to navigate to the setup through `Setup > ANZ Localization > Reporting Setup`. Without these privileges, you need to access it through `Setup > Other Setup > Reporting Setup`.

Is the Payment Times Report available for all subsidiaries in NetSuite?

When configuring the Payment Times Report, you must select the specific subsidiary for which the report is intended. It is not automatically available for all subsidiaries.

What should I do if the report's Approval Date comes after the Responsible Member Declaration date?

The Approval Date must precede the Responsible Member Declaration date, as per the configuration requirements. Ensure that you enter an Approval Date that complies with this requirement.

What roles benefit from this Payment Times Report in NetSuite?

Administrators, Accountants, and Financial Officers are the key roles affected by the PTR configuration. Administrators set up and configure the report while Accountants and Financial Officers review and use the report for compliance purposes.

Payment Times Report 2025 Configuration in NetSuite 2026.1