Set Up Company AP Liability Codes

Use company accounts payable liability codes to define the implicit posting of vouchers to an account number and, if applicable, an organization.

You can divide your accounts payable liability among separate accounts on the general ledger by defining and using multiple liability codes. There is no limit to the number of liability codes you can define for your enterprise. Initially, you must add at least one liability code before you enter vouchers. However, liability codes can be added at any time.

To set up company accounts payable liability codes:

1. From the Navigation menu, click Settings > Accounting > Company AP.
2. On the Company AP Settings form, click the Liability Codes tab.
3. Perform one of the following actions:

   Option	Description
   To add a new code	Position the row selector on the row above where you want to add the new code, click Insert, and complete the new row.
   To add a new code that is similar to an existing code, copy the existing code and then modify it.	Position the row selector on the row that you want to copy and click Copy.
   To delete a code	Position the row selector on the row that you want to copy and click Delete. You can delete a liability code only if there has been no activity posted to it in the current fiscal year.

4. Complete the fields on this tab.
5. Click Save.

To print the Liability Code report, which lists the settings that you entered here, click Print.