Accounts Payable Overview

Use the Accounts Payable application to process vendor payments as checks or electronic funds transfers, and to process 1099 forms.

You create accounts payable vouchers and disbursements in Transaction Center > Transaction Entry and post them in Transaction Center > Transaction Posting.

Use Accounting > Void Payment to void Accounts Payable checks or electronic funds transfer payments.

Related Topics

Accounts Payable and Configuration
Before you use Accounts Payable, you or your system administrator must enter configuration options such as default payment terms, liability codes, vendor type and discount codes, check templates, and EFT payment setup.
Accounts Payable and Multicompany
If your firm uses the Multicompany feature, you must set up Accounts Payable Company Settings for each company in your enterprise.
Accounts Payable and Multicurrency
If your firm uses the Multicurrency feature, a voucher's transaction currency can be any currency that is set up for your enterprise.
Vendor Review
Use Vendor Review to view information about a vendor's posted vouchers, including tax information, and view purchase order information if you use the Purchasing application.
Payment Processing
Use Payment Processing to pay vendors for outstanding amounts.
Export to Text Processing for Accounts Payable
Use the Export to Text option on the Payment Printing and Numbering form in Accounts Payable Payment Processing to create either a .txt or .xml file that contains payment information to be processed by a third party software application.
Creating Vouchers from Purchase Orders
You can create and post an accounts payable voucher from purchase orders created in the Vision Purchasing application.
Form 1099 Processing
You must provide a 1099 form at year-end to any consultant to whom you paid above a specified amount (as legislated). The 1099 form displays the amount paid by your firm to the consultant. Through Vision, you can calculate 1099 data and print 1099s on forms that fit your computer printer.
Vendor (AP) Reports
Use vendor reports to review the data for transactions with your firm's vendors.

Parent Topic: Accounting Overview