Comptroller Policy
Early Payment Discounts

The Comptroller’s policy on payment scheduling prohibits agencies from making payments earlier than the payment due date unless it is required by law, contract or other obligation to the vendor to process the payment before the payment due date.

Note: A vendor's request on an invoice that the invoice is paid immediately upon receipt is not an obligation to make an early payment to the vendor.

A state agency must negotiate a prompt payment discount with a vendor when possible. To take advantage of a prompt or early payment discount, a state agency must submit the necessary payment documents or information to the Comptroller's office sufficiently in advance to allow the Comptroller's office or the agency to pay the vendor in time to obtain the discount.

A Discount Cost Effectiveness Calculator is available to help agencies compare the benefit of making an early payment at a discount with keeping the money in the state treasury for 30 days.

See also: Advance Payments