This involves transactions screens for data that relates to any expenditure into the system.
Accounts payable (AP) is money owed by a business to its suppliers shown as a liability on a company's balance sheet. These screens allow you to break down these balances to the general ledger and Vendor files.
There are six screens:
Money Payment (Cash) MP, Vendor Invoice VI, Vendor Credit Memo VC, Vendor Journal VJ, Vendor Payment VP & Vendor Refund VF
|Money payment (MP):||Used when no Vendor details are available for entry into the transaction. You select the relevant paid from Bank account.|
|Vendor Invoice (VI):||This is to enter Vendor Invoices to the General Ledger.|
|Vendor Credit Memo (VC):||This is for the generation of Vendor credits.|
|Vendor Journal (VJ):||Vendor Journals are used when Vendor balances need adjustment.|
|Vendor Payments (VP):||This is for the payment of money to Vendors for accounts.|
|Vendor Refund (VF):||This is for returning funds to Vendors.|
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