Accounts Payable: Configuration Prerequisites

Before you start to implement accounts payable, you must be sure that the system has been configured properly and that all required entities have been created, as described in the following sections.

Enabling the Needed Features

On the Enable/Disable Features (CS100000) form, the minimum set of features has to be enabled. For details, see Company Without Branches: To Configure a Company Without Branches.

Configuring the System

You need to make sure the following implementation tasks have been performed in MYOB Acumatica before you begin implementing accounts payable:

On the Companies (CS101500) form, the companies of the organization have been configured, and the appropriate actual ledger has been assigned to each company. For details, see Company Without Branches: To Configure a Company Without Branches and General Ledger: To Create an Actual Ledger.
On the Chart of Accounts (GL202500) form, the accounts to be used with the accounts payable functionality have been defined. For details, see General Ledger: To Create a Chart of Accounts.
On the General Ledger Preferences (GL102000) form, the preference settings for the general ledger functionality have been specified. For more information, see General Ledger: To Specify General Ledger Preferences.
On the Cash Accounts (CA202000) form, the cash accounts to be used for recording payments to vendors have been created. For details, see Cash Management: To Create Cash Accounts.
On the Payment Methods (CA204000) form, the payment methods to be used in accounts payable have been properly configured. For more information, see Cash Management: To Modify a Payment Method.
On the Credit Terms (CS206500) form, the credit terms to be used by vendors in their relations with the company have been configured. For details, see Credit Terms: To Define Single-Installment Credit Terms.