Accounts Payable Overview

Use the Accounts Payable application to process vendor payments as checks or electronic funds transfers, and to process 1099 forms.

You create accounts payable vouchers and disbursements in Transaction Center > Transaction Entry and post them in Transaction Center > Transaction Posting.

Use Accounting > Void Payment to void Accounts Payable checks or electronic funds transfer payments.

Related Topics:

  • Accounts Payable and Configuration
    Before you use Accounts Payable, you or your system administrator must enter configuration options such as default payment terms, liability codes, vendor type and discount codes, check templates, and EFT payment setup.
  • Accounts Payable and Multicompany
    If your firm uses the Multicompany feature, you must set up Accounts Payable Company Settings for each company in your enterprise.
  • Accounts Payable and Multicurrency
    If your firm uses the Multicurrency feature, a voucher's transaction currency can be any currency that is set up for your enterprise.
  • Vendor Review
    Use Vendor Review to view information about a vendor's posted vouchers, including tax information. You can also change the address code, payment date, bank code, and payment currency for vouchers that have not yet been paid.
  • Payment Processing
    Use Payment Processing to pay vendors for outstanding amounts.
  • Export to Text Processing for Accounts Payable
    You can export text to files for processing in other applications.
  • Creating Vouchers from Purchase Orders
    You can create and post an accounts payable voucher from purchase orders created in the Vision Purchasing application.
  • Form 1099 Processing
    You must provide a 1099 form at year-end to any consultant to whom you paid above a specified amount (as legislated). The 1099 form displays the amount paid by your firm to the consultant.
  • Vendor (AP) Reports
    Use vendor reports to review the data for transactions with your firm's vendors.
Parent Topic: Accounting Overview