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In the conduct of business, companies incur liabilities as they deal with vendors for the purchase of goods and availment of services.  These vendors, in turn, charge or bill them for these items and then issue an invoice to support the transaction.  This document could be labeled as a sales invoice, a delivery invoice or a charge invoice.  An invoice summarizes the transaction and provides information as to the quantity, prices, terms of payments, discounts etc., of the goods that was purchased or the type of services the vendor has rendered and whether it will be paid in cash or credit.

 

In AccountMate, you can create AP invoices using the AP Invoice Transactions function. You can also create AP invoices for one-time vendors.

 

AP invoice transactions increase the balances on the following in the vendor record:

 

•ATD Purchase

•YTD Purchase

•Open Debit

•Balance

 

 

 

 

See Also

Create AP Invoice

Create Invoice from One-time Vendors

Amend or Delete AP Invoice

AP Invoice Reports

 

 

 

 

 

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