Accounts Payable

The Accounts Payable module within Acumatica ERP provides deep functionality to track vendor invoices, automate payment processing, predict cash requirements, track vendor balances, manage available discounts, and deliver vendor reports.

Accounts Payable Setup

  • Accounts Payable Overview (video above)
  • Adding General Ledger Accounts
  • Defining Credit Terms
  • Creating a Vendor Class
  • Configuring the AP Module
  • Configuring Vendor ID’s
  • Creating a Vendor
  • Creating a Non-Stock Item

Accounts Payable Process

  • Overview of AP Process
  • Creating a Bill
  • Releasing a Bill
  • Creating an AP Check
  • Processing an AP Check
  • Releasing an AP Check
  • Quick Checks
  • Reconciling Vendor Balances
  • Closing the Financial Period

Payments and Cash Discounts

  • Making a Funds Transfer
  • Creating Bills
  • Making an Early Payment for a Bill
  • Reviewing the Vendor Balance and Documents
  • Making a Payment for Multiple Bills
  • Reviewing Outstanding Balances by Aging Periods

Adjustments, Refunds and Voided Checks

  • Making a Credit Adjustment
  • Making a Debit Adjustment
  • Reversing a Bill
  • Processing a Vendor Refund
  • Voiding an AP Check