Entering Vendor Balances

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If you have purchased the optional Accounting module, you will need to enter an Operating Expense for each bill listed on your open Accounts Payable (#4 under What You Will Need).  See Paying a Bill or Entering a Miscellaneous Expense under Documents and Accounting.  On each entry use the appropriate Expense or Cost of Goods Sold Account(s) for the Vendor payable.  After you make the entries, print an Aged Accounts Payable report under Accounts Payable reports.  Check to make sure that the report matches your list.