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If you process payables in Accounting CS, it is important that you assign GL accounts to the AP accounts listed below, regardless of the accounting method selected (accrual basis or cash basis) in the Setup > Clients > Accounts Payable tab, to ensure that the journal entries are posted to the correct accounts. Otherwise, the application will assign items with
You can assign the accounts payable GL accounts in the screens below.
GL account | Accounting CS screen |
---|---|
Accounts Payable (client) | Setup > Clients > Accounts Payable tab |
Discount | Setup > Clients > Accounts Payable tab |
Accounts payable (vendor) | Setup > Vendors > Accounts Payable tab |
Notes
- The application does not
post historical (beginning balance) items to the General ledger. However, these items are available for AP reports. - The option to specify the client's accounting method (Accrual basis vs. Cash basis) is in the Accounting Method section of the Setup > Clients > Accounts Payable tab.
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