About Using Accounts Payable with Sage 300 ERP General Ledger

If you use Sage 300 ERP General Ledger, Accounts Payable creates batches of general ledger transactions in General Ledger and displays and validates General Ledger account numbers in Accounts Payable.

The G/L Transactions report and the summary at the end of each Accounts Payable posting journal list the general ledger accounts that will be debited and credited with payables transactions when you post the Accounts Payable batch of general ledger entries in General Ledger.

You use the G/L Integration screen to specify the type of reference and description to include with each General Ledger transaction.

Until you clear the transactions using the A/P Clear History screen, you can drill down from the General Ledger Transaction History screen to view originating transactions in Accounts Payable and Order Entry (if you use it).

General Ledger Accounts Used in Accounts Payable

Accounts Payable uses the following general ledger accounts: Payables Control, Bank, Purchase Discounts, Prepayment, and the accounts you assign to distribution codes or enter with transactions.

Multicurrency Ledgers

If you use multicurrency accounting, Accounts Payable also uses General Ledger's unrealized and realized exchange gain and loss accounts.

If your Sage 300 ERP General Ledger system is at another location, Accounts Payable creates its general ledger transactions in a batch that you can import into General Ledger.

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