Accounts Payable

The accounts payable module handles the bills and payments for the company. Bills can be entered using the Enter Bills window and then they can be paid by using the Pay Bills window. Accounts Payable tracks the expenses incurred during the daily business activities.

Default Accounts
Any of these accounts can be chosen from the chart of accounts list by typing in the number, pressing F2 or by clicking on the button in front of each account field.

Cash (Required)
Enter the account number of the cash account to be used in the accounts payable module. This bank account will be the default bank account for the Pay Bills window. You will be able to change to another bank account at the time you pay bills if you need to pay them out of another account.

Accts Payable (Required)
Enter the accounts payable account number.

Disc Taken (Required if vendors give you discounts for early payment)
Enter the account number to post discounts that you receive from vendors for paying their invoices early.

Use the Invoice Date as Post Date
Mark this option if you will be using the same date as both the invoice and post date when entering bills. When marked the "Post Date" field will be removed from the Enter Bills window. The date entered into the invoice date field will then be used for both the post and invoice date.