Set Up Company AP Liability Codes

Use the company AP liability codes to define the implicit posting of the vouchers to an account number and to an organization (if applicable).

You can divide your accounts payable liability among separate accounts on the general ledger by defining and using multiple liability codes. There is no limit to the number of liability codes you can define for your firm. Initially, you must add at least one liability code before you enter vouchers. However, liability codes can be added at any time.

To set up liability codes, complete the following steps:

1. From the Vision Navigation menu, click Configuration > Accounting > Company AP.
2. On the Company AP Configuration form, click the Liability Codes tab.
3. Perform one of the following actions:

   Option	Description
   To add a new code	Position the row selector on the row above where you want to add the new code, click Insert, and complete the new row.
   To add a new code that is similar to an existing code, copy the existing code and then modify it.	Position the row selector on the row that you want to copy and click Copy.

   You can delete a liability code only if there has been no activity posted to it in the current fiscal year. For example, when you first set up and add liability codes to the database, you can use Liability Code Setup to delete codes that have no activity posted to them.
4. Complete the fields on this tab.
5. Click Save.

To print the Liability Code report, which lists the settings that you entered here, click Print.