AD-C  Accounts Payable Defaults

Field Descriptions

Next AP Invoice Number

The number to be assigned to the next AP invoice created when transferring payroll taxes, commissions and sales taxes to Accounts Payable.

Next Recurring AP Number

You can set up a Template for AP vouchers that you create on a regular basis (e.g. rent or utilities) using AP-O  Enter Recurring Vouchers.  When you create a new template for a recurring voucher, this number will automatically be assigned and then incremented for the next template.

Aging Periods (Periods 1-5)

You can establish up to five different aging periods, used when printing aging reports through AP-I  Print Aging.  Defining these aging periods will allow you to view, sort, and print out invoices/vouchers that are over 30 days old, etc.  The first aging period should always be set to 0 days in order to include all vendor invoices.  These defaults can be changed on-the-fly when printing aging reports.