IdealWare Online Users Manual

AP1-03 A/P PROCEDURES
24531 Day to Day Processing

 

PURPOSE

 

Once your Accounts Payable system has been set up, ie the file maintenance has been done and all balances have been transferred, you can start using it on a daily basis to process A/P transactions. By default A/P transactions are posted to the general ledger based on the individual transaction dates, not the batch dates in which the transactions are recorded. This can be changed with appropriate parameter settings.

 

The programs in your Accounts Payable system are used in different ways. They can be divided into three categories:

  • Those that you use on a daily basis
  • Those that you use at month end or year end, such as reports, cheque reconciliation, etc. (See 24532 Period End Processing)
  • Those that you use as required, such as file maintenance, inquiries, invoice reversals, etc. (See 24533 Special Processing)

 

DAY TO DAY

 

Programs that you use on a daily basis are:

  • Invoice Posting (See 24553 Invoice Posting)
  • Quick Pay Posting (See 24555 Manual Cheque Posting)
  • Preliminary Cheque Report (See 24557 Preliminary Cheque Register)
  • Cheque Printing (See 24558 Print Cheques)