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Description:
The payables function allows you to record payment obligations as they occur. Once entered, you may choose to pay all that are unpaid, those that have been marked for payment or the ones with a due date within a specified range. They may also be paid directly from the checkbook, to make paying your bills as simple as possible. In addition to recording the amount due, payable transactions record the distributions to the related expense accounts. Notes or other pertinent information can also be recorded on the document or distribution level.
Benefits:
Multiple invoices for a vendor may be entered
Automatic checks can be generated for unpaid payables
Track check numbers and the amount paid by check
Search for paid or unpaid items quickly
Discounts can be entered to maintain proper accounting functions
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