In BIS®, the Accounts Payable Journal is a listing of accounts payable invoices by date for a particular account. This can be compared with the actual records to verify that they have been entered correctly. To access the Accounts Payable Journal, go to Reports, Accounts Payable and select Accounts Payable Journal or select the Accounts
The primary purpose for viewing the Accounts Payable Vendor Aging Report is to assess what vendor invoices are outstanding and for how long. Special Report Features The Vendor Aging report has additional special features available which can greatly speed up the AP payment process when utilized. These additional features allow the user to generate a
Occasionally, a user has a customer and vendor that is the same company. Although the books would be “cleaner” if the transactions in each venue were kept separate, sometimes it just doesn’t happen. This information covers a case where the customer/vendor makes a payment that is reduced by the amount of the invoice it received.
Some users ask about the Credit Card Suspense account in the Chart of Accounts; they wonder why it never has a balance. Others ask what report will show them the credit card balance(s) at any given point in time. This FAQ is intended to answer both questions. The fundamental principle applied to the Payment by
A “Close or Reopen Purchase Orders” functionality which allows a range of purchase orders to be either closed or reopened in mass has been added to the Recovery Tools menu starting in BIS version 1147.02 B004. To access, go to Administrator / Recovery Tools in the menu and select “Close or Reopen Purchase Orders” or
This option prints accounts payable checks for invoices that have been selected for payment using Select for Payment form. Note that this form is not accessible while the Select for Payment form is simultaneously open. Multiple invoices for the same vendor are combined into one payment; only one check is printed per vendor. Once checks
