Accounts Payable Entry

Type – AP entry can be one of 4 types.

  • Vendor Credit
  • Vendor Debit
  • Invoice
  • Payment

Vendor – Select a vendor to post to.

Date – The date for the transaction.

Reference no. – Usually the vendors invoice number.

Purchase no. – Manually entered PO number

Transaction no. – The assumed GL transaction number. If another transaction is posted after this number is assigned, then the transaction will be given the next available number.

Terms – The terms given for this invoice.

Due Date – The due date for this invoice that is automatically calculated based on the terms selected above.

Expense Account – The default GL account that was set for this vendor.

Memo – The user can enter a memo for this entry.

Tax1 – Tax 1 for this transaction that is automatically calculated based on how taxes are set for this vendor.

Tax2 – Tax 2 for this transaction that is automatically calculated based on how taxes are set for this vendor.

Subtotal – Total before taxes.

Total – Total of the entry including taxes.

Job – the Job tab refers to Job Costing for the Accounts Payable for more information – Job Costing – Accounts Payable

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