Configure Accounts Payable Settings

Use this screen to control the Accounts Payable features for the following:

• Default Aging Criteria
• Payment Security
• Check Approval
• Vendor Approval
• Subcontractor Vendor Employee Approval

The Vendor Approval feature prevents employees from making payments to unapproved vendors. The Vendor Approval feature implements the segregation of employees in your organization authorized to create vendor records from employees authorized to approve vendors. It also creates an audit trail each time a user saves changes.

The Vendor Approval feature consists of the following screens in Accounts Payable:

• Configure Accounts Payable Settings
• Configure Vendor Approver Settings
• Approve Vendors
• Manage Vendor
• Print Vendor Information Reports

You also use this screen when you initialize Costpoint. If you change the settings on this screen after initialization, you must save them, exit Costpoint, and then return to the application and continue your work.

Note: The UI profile you are assigned may have caused some fields to be hidden on your screen. For more information, contact your system administrator.