Steps for Setting Up Accounts Payable
From Sage ERP Accpac Accounts Payable 6.0
Steps for Setting Up Accounts Payable
After you activate Accounts Payable, follow the steps in this topic to set up a new Accounts Payable ledger.
Step
1: Select options and add setup information
- Use the Options form and the G/L Integration form to specify how your system will operate. (If you used the Setup Wizard to complete the initial setup, you can skip this step.)
- Design coding schemes for your Accounts Payable records.
- Add records and print reports for:
- Account Sets
- Distribution Codes
- Distribution Sets
- E-mail Messages
- Optional Fields (if you use them)
- Payment Codes
- Payment Selection Codes
- Recurring Payable Setup
- Remit-To Locations
- 1099/CPRS Codes
- Terms
Step
2: Add vendor records
- Add vendor groups
- Add vendors
- Add remit-to locations (optional)
- Print the Vendor and Vendor Group reports, and the Remit-to Locations report (optional)
- Set up payment selection codes
Step
3: Transfer your accounting data to Accounts Payable
- Enter year-to-date and current transactions
- Print batch listings
- Post batches and print posting journals
- Enter historical totals (statistics) for vendors and vendor groups (optional)
- Print statistical reports and other reports
Step
4: Design the formats for your preprinted forms
Design and test formats for printing checks, advices, letters, and labels, or adapt the sample formats to print on your own forms.