AP Settings

Set up and manage default settings for the AP Module, e.g. default natural accounts for AP, GRN, gain/ loss.

Navigation

1. From the homepage, go to Finance module.

2. Navigate to the Accounts Payable and AP Settings.

Guide

1. Click the Create New button.

2. Under the Default Natural Accounts, select the appropriate GL accounts and Tax code for the following:

• GRN Accrual Account
• Accounts Payable Account
• FOREX Gain/Loss Account
• Deferred Expense Natural Account
• Prepayment Natural Account
• Tax Code for Future Expense Recognition

3. Under the AP Settings, set up the following:

• Code Type Used to load Invoice Type in AP Invoice - AP Invoice Type
• Number of days allowed for backdating to in same Accounting Period for GRN
• Number of days allowed for backdating to earlier Accounting Period for GRN
• Early Accounting Period Cut Off Date Scope
• Enter Number of Mass Payment to Be Processed Per Service Cycle: Note: The default value is 5

4. Once done, click the Save button.

Related Articles

• AP Payment Term
• AP Payment Mode
• Invoice From Vendor
• Credit Note From Vendor
• Payment