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Working With Payables

10-05-2021
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