payablespresentation-130415061210-phpapp02
DESCRIPTION
Accounts Payable presentationTRANSCRIPT
100,000
A/P
60,00010,000
30,000
Validate invoiceEnter invoice
Pay invoice
Create accountingentries in Subledger Accounting
Transfer informationto general ledger
Pay invoice
Record manualpayment
Createpayments
Select validated invoice
Payables
GeneralLedger
Subledger Accounting
E-Business Tax
2Prepare Mass Additions
Create Mass Additions
Post Mass Additions1 3
AssetsPayables FA Mass Additions
Create Accounting
Transfer to General Ledger1 2
GeneralLedger
PayablesSubledger Accounting
Enter Invoice
Validate InvoiceClick
Calculate Tax
View Tax Lines and Distributions
Recalculate Taxes
You may be required to withhold taxes from your supplier invoices.
Once you set up Payables to automatically withhold tax, you can withhold tax during payment processing.
You can control all withholding tax options in the Withholding Tax region of the Payables Options window.
Withholding tax invoices are automatically created in the name of the tax authority & tax payments are made against these invoices.
Enter supplierEnter invoice
Validate invoice
Create accountingentries in Subledger Accounting
Pay invoice
Create PO
Enter Purchase Requisitions
Match to PO
Standard Credit MemoDebit MemoPrepaymentWithholding Tax
• Currency• Terms
• Amount• Pay Date
• Type• Amount• Charge Acct.
• Type• Supplier• Number
ScheduledPayments
Distributions
Invoice Header
Invoice Lines
Invoices Window Invoice Header General Lines Holds View Payments Scheduled Payments View Prepayment
Applications
Other FeaturesActionsCalculate TaxTax DetailsMatchDistributions
Invoice TypeTrading PartnerSupplier NumberSupplier Site Invoice Date Invoice NumberAmountDescriptionPayment TermsPayment Method
ScheduledPayments
Distributions
Invoice Header
Invoice Lines
Type Item Freight Miscellaneous Tax
Amount
ScheduledPayments
Distributions
Invoice Header
Invoice Lines
GL DateAccountTrack as AssetDescription
ScheduledPayments
Distributions
Invoice Header
Invoice Lines
System holdsManual holds
Supplier hold Invoice hold Scheduled payment hold
The Payment Workbench, (Payments window) accessible through the Invoice Workbench, is used to generate:- Manual payment- Quick payment- Refund
A prepayment is a type of invoice you enter to make an advance payment to a supplier or employee.
You can later apply the prepayment to one or more invoices you receive from the supplier or employee to offset the amount paid to them.
Ensure:
1.Invoice Validation2.Create Accounting3.Transfer to GL