In this session, we will cover how to create and maintain templates of invoices for recurring payable items such as rent, utilities or installment payments. You can also create multiple repetitive invoices for each vendor.
Terms Code Maintenance is used to establish a file of common payment terms offered by your vendors. After creating the terms codes, you can assign a default code to your vendors in vendor maintenance.
Learn how to use accounts payable bank code maintenance to define up to 36 different bank accounts using numerical or alpha characters for selection in payment processing tasks.
Divisions can stand for branches or profit centers within a company. They are used for classifying groups of vendors and payable transactions for reporting and sorting purposes.
If you have Accounts Payable set up to calculate sales tax and transaction entry, learn how you can use this task to assign the appropriate general ledger posting accounts for each tax code within a tax schedule.
