Accounts Payable
Review the Accounts Payable Setup before learning more about Accounts Payable Management.
When Purchase Invoices are posted, Vendor Ledger Entries and Vendor Detailed Entries are created with Document Type = Invoice.
When Purchase Credit Memos are posted, Vendor Ledger Entries and Vendor Detailed Entries are created with Document Type = Credit Memo.
After Creating Vendor Payments you can Applying Vendor Payments
Then you can Print Checks and Remittances
When Posting Vendor Payments and Applications, Vendor Ledger Entries and Vendor Detailed Entries are created with Document Type = Payment, together with application entries.
After posting a Purchase Credit Memo, you can apply it to open Vendor Ledger Entries with Document Type = Invoice.
Run AP Aging Report and Vendor Statement Report.