Working With Payables
Tags: accounting, creditcards, Payables, paying bills, Setup, Vendors
Payables are all the bills received from the purchasing of Products or services provided to your Company. There are 5 types of Payables.
Regular Payable: You receive the bill from a Vendor, enter it into the systems and pay it some time in the future.
Royalty Payables: These are Bills created during the Royalty reporting process.
Commission Payables: These are bills created during the Commissions reporting process
Credit Memo: These are negative Bills that are intended for reflecting refunds or other credits given to you by the Vendor.
Credit Card Liability: Intended exclusively for recording Bills from a Credit Card Transaction.
Click the links below for more information about Payables.
Payables Setup and Overview
Entering Payables
Paying Bills
Manual Checks and Debit Transactions
Managing Credit Cards - Part 1
Managing Credit Cards - Part 2