About Accounts Payable
The accounts payable (A/P) application lets you maintain an accurate listing of monetary transactions for all your vendors. An accounts payable account represents the amount you owe a vendor for purchase orders or services. Through the accounts payable application, you can build and maintain a complete history of your accounts payable activity.
The A/P application includes:
Posting, including posting invoices, auto-pay invoices, invoices from purchase order information, and credit memos
Adjusting and correcting, including viewing invoice information, and adding or deleting explanatory messages
Paying A/P invoices with either system-generated or hand-written checks, or posting partial payments
Marking, viewing and printing invoices
Printing and releasing A/P checks
Maintaining the check file
Performing period-ending procedures
Using the accounts payable reports.
A/P features:
System-Generated or Hand-Written Checks
Viewing Accounts Payable Posting Information
Going Live on Accounts Payable
Return to:
About Databases and Applications
See also:
Understanding Accounts Payable Batches
About Releasing Accounts Payable Batches
Understanding A/P Voucher and Net Dates