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Accounts payable

Entering AP prepayments to a vendor

You can enter AP check and AP payment transactions as prepayments in the
Enter Transactions
 screen. When you save prepayment transactions, they are available in the
Manage Payments
, where you can apply the payments to 1 or more payables.
  • Vendor payments don't support funding.
  • The application determines 1099 totals by the AP payment distributions.
    • For an AP prepayment, the application uses the 1099 form/box as entered, regardless of the form/box designation on any applied payable.
    • For a payment generated to pay a payable, the application uses the 1099 form/box designations on the selected payables to create payment distributions and related form/box designation.
      note
      This type of payment is created by selecting the payable to pay in the
      Manage Payments
       screen.
  • For cash basis clients, when the
    Enter Transactions
     screen is in
    Journal
     mode, the Accounts column in the Transactions list shows only the GL account of the bank account from which the payment was issued. The
    Application Distributions
     tab in the Transaction Detail section shows the effect of payment applications on the GL accounts.

This article applies to:

  • Product: Accounting CS,Accounting CS Client Access

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