Related Topics
Use this section to view special topics related to Accounts Payable.
Related Topics:
The standard month-end closing procedures should include a reconciliation between the Accounts Payable files and the corresponding General Ledger Control accounts.
This topic discusses checks that will never be cashed or clear the bank: unusable checks and voided checks.
This section contains additional information for printing accounts payable checks.
You can record a manual check using the Manage Manual Checks screen.
You can set up check approvals using the Configure Accounts Payable Settings and Configure Approver Settings screens.
You can use Costpoint to void checks automatically. However, Costpoint must contain records of the checks to void them.
Use the following information to resolve issues regarding 1099 income.
Data entry status settings tell Costpoint whether data entry is allowed for a particular fiscal year, period, or subperiod, or whether entries can be made in a journal for a particular subperiod or period.
Use the Create Recurring Accounts Payable Vouchers screen for vouchers that recur on a periodic basis and are similar each time they recur.
Electronic Funds Transfer (EFT)
Many companies pay their vendors with an Electronic Funds Transfer (EFT) instead of a check. An EFT transfers money from your bank account directly into your vendor's account.
Occasionally, your company may need to make a payment with no advance notice, or may need to pay a vendor immediately.
With the subcontractor feature in Costpoint, you can track insurance, bond, and lien information at the vendor level.
With Costpoint's pay-when-paid functionality, you can hold payments for a specified voucher until you have billed and received payments from a selected customer and/or project.
Accounts Payable Voucher with VAT Amount
This section contains additional information for processing VAT-only accounts payable vouchers.
This section contains additional information for processing pro forma VAT invoices.