Chapter 8 – Accounts Payable Accounts Payable Processing
• 157
Standard Transactions
You use this function to process many types of supplier transactions. This function relies heavily on the accounts payable transaction types. Here are some examples of the transactions you can process:
Transaction Description
Opening Balances
When you start using the system, you enter current supplier balances into the system.
Non-inventory Purchases
Non-inventory Returns
Payments
If you issue hand-written invoices, you can enter them into the system via this function.
If you issue hand-written supplier returns, you can enter them into the system via this function.
You can process payments to suppliers along with discounts. You can also allocate the payment to the supplier's invoice.
Other Adjustments
You can perform any other debit or credit adjustment to a supplier.
You access this function via the Transactions...Accounts Payable...Standard menu option, or via the system tree Accounts Payable...Transactions function: