The Payables menu is where you enter data relating to any expenditure for processing through the General Ledger and Vendor files.
The menu is divided into 4 sections for different functionalities:
Enter payment through Money Payment (Cash) or Vendor Invoice. Credit Memo, Vendor Journal, Vendor Payment and Vendor Refund cover adjustments to Vendor Accounts.
Search by Transactions, Allocations, Vendor and Class the main Payables files.
The Posting function enables the final processing of all transactions through to your General Ledger accounts. Once posted very few modifications are allowed, and NO deletion of any posted transaction is allowed.
Once a transaction is posted you have two options:
Print Vendor information, balances, transactions, dashboards and Deposit listings for your Bank. Produce statements to send to Vendors for payment of accounts.
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