Posting Recurring Payable Batches

When you post a recurring payable batch, Accounts Payable creates a posting journal for the transactions and updates the following records:

Updating vendor statistics

• Vendors.  Adds the amount and number of new recurring payables to the totals for the period in the vendor’s account. Also enters the amount and document date of the last recurring payable that was posted for the vendor.
• Vendor Groups.  Adds the total amount of the recurring payables invoiced to vendors in the group and the number of recurring-payable invoices created for the group to the group statistics. Use the Vendor Groups form to view this information.

Creating general ledger transactions

When you post recurring payable batches, Accounts Payable creates transactions for the payable accounts specified for each detail line on a recurring payable invoice, and for the affected accounts in the vendor’s account set. Posting also creates balancing transactions for the corresponding payable control accounts. Print the posting journal for the recurring payable batch or the G/L Transactions report to view this information.

 

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