Accounts Payable

Financials | Accounts Payable Aids | Payment Voucher

Accounts Payable

Allows the user to create a transaction for the amounts due to vendors or suppliers received that have not yet been paid for.

Requirements before using Accounts Payable

• The user should setup the following records in order to proceed on using the Accounts Payable
  1. Chart of Account
  2. Currency
  3. Exchange Rate
  4. Proforma
  5. Supplier
  6. Purchase Receipt

Accounts Payable Status

Accounts Payable Record Status

Status	Description
UNPAID	If there are no payments posted
WITH PARTIAL PAYMENT	If there are any partial payments posted.
PAID	If the payable is full paid and its Payment Voucher is Posted.
CANCELLED	Accounts Payable is cancelled

Accounts Payable Record List

Adding Accounts Payable

1. Go to Financials then Click Accounts Payable
2. Click Add Accounts Payable
3. Fill out the necessary forms on the Header Part
4. Fill out the Account Details below the Header Part then click Save

Adding Import Purchase Order Field Information

Field	Description	Expected Values
1.Voucher No.	•Voucher Reference number generated upon creation	•Alphanumeric(Auto-Generated)
2.Supplier	•Name of Supplier	•Supplier List in the Supplier Maintenance Module
3.Tax Identification Number(TIN)	•TIN of the Supplier	•Number(Auto-Generated base from Supplier profile)
4.Terms	•Number of Days on completing the purchase	•Number
5. Address	•Address of the Supplier	•Alphanumeric(Auto-Generated based from Supplier details)
6.Proforma	•Financial statements is to facilitate comparisons of historic data and projections of future performance.	•Proforma list provided in the Proforma Maintenance Module
7.Attachment	•Attachment as proof or any other remarks with regards to transaction	•PDF/JPG/PNG File Type
8.Transaction Date	•Date when the Payable Transaction was created	•Date
9.Due Date	•Due date of Payable Transaction	•Date
10.Invoice No	•Invoice number reference for the transaction	•Alphanumeric
11.Reference No	•Reference No for the transaction	•Number
12.Currency	•Type of Currency used in the transaction	•Number
13.Exchange Rate	•Currency Conversion Amount	•Number
14.Notes	•Other Remarks for the Transaction	•Alphanumeric
15.Account	•Account to be charged for credit and debit amount on the transaction	•Account list in the Chart of Accounts Maintenance Module
16.Description	•Any remarks or Notes in the Account Line of the transaction	•Alphanumeric
17.Debit	•Debit Amount for the Transaction	•Number
18.Credit	•Credit Amount for the Transaction	•Number
19.Foreign Amount Currency	•The conversion of the current amount into different currency	•Number
20.Value Added Tax(VAT)	•VAT to be applied in the amount on the accounting details in the transaction	•Tick/Untick
21.Tax	•Type of Tax to be applied when the VAT is ticked	•Tax List provided in the Tax Maintenance Module

Notes:

• Accounts Payable Transactions are auto-generated when created from Purchase Receipt,

• Account should be on ACTIVE status when using it upon creating or editing a transaction.
  • This can be seen in Chart of Account Maintenance Module.
• Supplier should be on ACTIVE status when using it upon creating or editing a transaction.
  • This can be seen in Supplier Maintenance Module
• Proforma should be on ACTIVE status when using it upon creating or editing a transaction.
  • This can be seen in Proforma Maintenance Module
• Currency should be on ACTIVE status when using it upon creating or editing a transaction
  • This can be seen in Currency Maintenance Module
  • The user may use this maintenance if they have Import Purchase Order module
• Tax should be on ACTIVE status when using it upon creating or editing a transaction.
  • This can be seen in Tax Maintenance Module
  • This will be only available in the transaction when the VAT column is checked.

Editing Accounts Payable

1. Click Financials then click Accounts Payable
2. Select the Accounts Payable that needs an update. Click the Drop-down Arrow then press Edit.
3. Update the necessary information then click Save.

Adding Import Purchase Order Field Information

Field	Description	Expected Values
1.Voucher No.	•Voucher Reference number generated upon creation	•Alphanumeric(Auto-Generated)
2.Supplier	•Name of Supplier	•Supplier List in the Supplier Maintenance Module
3.Tax Identification Number(TIN)	•TIN of the Supplier	•Number(Auto-Generated base from Supplier profile)
4.Terms	•Number of Days on completing the purchase	•Number
5. Address	•Address of the Supplier	•Alphanumeric(Auto-Generated based from Supplier details)
6.Proforma	•Financial statements is to facilitate comparisons of historic data and projections of future performance.	•Proforma list provided in the Proforma Maintenance Module
7.Attachment	•Attachment as proof or any other remarks with regards to transaction	•PDF/JPG/PNG File Type
8.Transaction Date	•Date when the Payable Transaction was created	•Date
9.Due Date	•Due date of Payable Transaction	•Date
10.Invoice No	•Invoice number reference for the transaction	•Alphanumeric
11.Reference No	•Reference No for the transaction	•Number
12.Currency	•Type of Currency used in the transaction	•Number
13.Exchange Rate	•Currency Conversion Amount	•Number
14.Notes	•Other Remarks for the Transaction	•Alphanumeric
15.Account	•Account to be charged for credit and debit amount on the transaction	•Account list in the Chart of Accounts Maintenance Module
16.Description	•Any remarks or Notes in the Account Line of the transaction	•Alphanumeric
17.Debit	•Debit Amount for the Transaction	•Number
18.Credit	•Credit Amount for the Transaction	•Number
19.Foreign Amount Currency	•The conversion of the current amount into different currency	•Number
20.Value Added Tax(VAT)	•VAT to be applied in the amount on the accounting details in the transaction	•Tick/Untick
21.Tax	•Type of Tax to be applied when the VAT is ticked	•Tax List provided in the Tax Maintenance Module

Notes:

• Supplier, Proforma and Reference Code cannot be edited when the Accounts Payable created is auto-generated from Purchase Receipt.

• Account should be on ACTIVE status when using it upon creating or editing a transaction.
  • This can be seen in Chart of Account Maintenance Module.
  • Past Transactions with INACTIVE status prior to its deactivation can still be used.
• Supplier should be on ACTIVE status when using it upon creating or editing a transaction.
  • This can be seen in Supplier Maintenance Module
  • Past Transactions with INACTIVE status prior to its deactivation can still be used.
• Currency should be on ACTIVE status when using it upon creating or editing a transaction.
  • This can be seen in Currency Maintenance Module
  • The currency maintenance will only be available if the user has Import Purchase Order Module
  • Past Transactions with INACTIVE status prior to its deactivation can still be used.
• Proforma should be on ACTIVE status when using it upon creating or editing a transaction.
  • This can be seen in Proforma Maintenance Module
  • Past Transactions with INACTIVE status prior to its deactivation can still be used
• Tax should be on ACTIVE status when using it upon creating or editing a transaction.
  • This can be seen in Tax Maintenance Module
  • This will be only available in the transaction when the VAT column is checked.

Accounts Payable Record Option

Import Purchase Order Status Action List

Status	Available Action Buttons
	View	Edit	Print	Issue Payment	Cancel
UNPAID	✓	✓	✓	✓	✓
PARTIAL	✓		✓	✓
PAID	✓		✓
CANCELLED	✓		✓

Notes:

• The user can only edit Manually Created Accounts Payable Transaction and if that transaction is still on UNPAID status.
  • Auto-Generated Accounts Payable cannot be edited or cancelled.
• The user can only Issue Payment the Accounts Payable if it is in UNPAID status and it has a Purchase Receipt tagged on it.
• The user can Issue payment while viewing the details of the record.
  • This is only available when the Accounts Payable status is UNPAID.

Printing Accounts Payable

1. Click Financials then click Accounts Payable
2. Select the Accounts Payable that needs to print its details. Click the Drop-down Arrow then press Print.

Issuing Payment in Accounts Payable

1. Click Financials then Accounts Payable
2. Select the Accounts Payable that needs to received its payment, Click the drop-down arrow then click Issue Payment
3. Under Create Payment Voucher screen, fill up the Header details and its accounting details then click Save
4. Under Payment Voucher, select the voucher, click the drop-down arrow then click Post.

Cancelling Accounts Payable Record

Accounts Payable can be canceled in two ways:

• Using drop-down arrow of a record can be used in single record cancellation

• Using Cancel Button for cancelling multiple records

Importing and Exporting Accounts Payable Record

1. Under Accounts Payable Screen, Click Options

2. Under Options, The user may Export or Import The Record

• When Exporting the records, the user may also use the filter options such as Date Filter, Search Bar and Supplier filter for precise searching and exporting of records.

• When Importing the records, the user should follow the following steps provided in the Importing Accounts Payable Screen such as
  • Downloading the template link provided under Step 1.
  • Filling up the information needed for each columns of the template
  • Uploading the updated Template

Import Data Dictionary of Accounts Payable

Field	Description of Data Output	Allowed Inputs	Input Restrictions	Required(Y/N)
Document Set	Manual entry of Document Set of Accounts Payable (e.g., 1, 2, 3, A, B, C)	*Alphanumeric *Underscore (_)	*Other special characters not mentioned	Y
Transaction Date	Manual entry of Transaction Date of Accounts Payable	*Numeric *Dash (-), Backslash (/)	*Other special characters not mentioned	Y
Due Date	Manual entry of Due Date of Accounts Payable – must be based on Customer’s payment terms	*Numeric *Dash (-), Backslash (/)	*Other special characters not mentioned	Y
Supplier Code	Manual entry of Supplier code – must be based from Supplier Data maintenance	*Numeric *Customer Code based from Customer maintenance	*Any input not mentioned  in the required inputs	Y
Invoice No.	Manual entry of Accounts Payable Invoice No.	*Alphanumeric *Underscore (_), Dash (-)	*Other special characters not mentioned	N
Reference No.	Manual entry of Accounts Payable Reference No.	*Alphanumeric *Underscore (_), Dash (-)	*Other special characters not mentioned	N
Notes	Manual entry of Accounts Payable Notes	*Alphanumeric *Underscore (_), Dash (-)	*Other special characters not mentioned	N
Account Code	Manual entry of Account Code – must be based from Chart of Accounts maintenance	*Numeric *Account Code based from Chart of Accounts maintenance	*Any input not mentioned  in the required inputs	Y
Description	Manual entry of Account Description	*Alphanumeric *Special Characters	*None	N
Debit	Manual entry of Debit amount	*Numeric	*Any input excepts numbers	Y
Credit	Manual entry of Credit amount	*Numeric	*Any input excepts numbers	Y