Functions: Vendors, Paying Bills

Record a purchase and pay later

*To do these business operations...*	*Use these functions*
When you set up Payables, depending on your company's requirements, you can configure a single set or any number of sets of default account prompts and any number of sets of Payables control accounts. You assign each vendor a set of prompts and a set of control accounts. Then, when you enter an invoice, the G/L distributions box displays the affected vendor's account prompts for fast, efficient data entry. The system automatically posts charge invoices to the Payables control accounts and to the vendor account.	Payables Vendor Invoices
Then use the Create Payments window to select a batch of vendor invoices for payment via printed checks issued from Payables. You select the invoices by due date or by discount date, or you can select all unpaid invoices. You can modify the amount of payment to apply to any invoice. You can print and review the list, and remove any invoices you don't want to pay in the batch of checks. You can save and modify the list and print the checks at any time. When you select multiple invoices for payment in a single run, the system combines them on a single check. If a payment entered results in an overpayment to a vendor, the overpayment amount will be available to apply as payment the next time you pay the vendor.	Payables Create Payments