Post Accounts Payable

Use this option to record vendor payments and credit memos. Consider the following when posting accounts payable records:

• You can create accounts payable entries for encumbered purchase order items or for invoices that were not generated from a purchase order.
• You can enter notes, update discount and tax information, and record the receipt of ordered items.
• Based on Vendor List setup, the system can flag a payment as an EFT (Electronic Funds Transfer) transaction.
• If you use approvals, you can select the approval code that applies.
• You can interface non-purchase order payments to Fixed Assets.
• The system controls payments, monitors the budget, and supports project accounting, as described in the System Processing section below.
• You can combine invoices for a vendor on one check.

Menu Path:  Fund Accounting > Entry & Processing > Payable Entry > Post Accounts Payable