Accounts Payable: General Information

For users to be able to define vendors and enter and process documents to vendors in the system, the accounts payable functionality has to be implemented in MYOB Acumatica. The implementation process includes creating vendor classes and specifying the accounts payable preference settings.

Learning Objectives

In this chapter, you will learn how to implement the basic configuration of the accounts payable functionality for a company.

Applicable Scenarios

You perform the basic configuration of the accounts payable functionality during the implementation of MYOB Acumatica, after a company has been configured in the system and the general ledger functionality and cash management functionality have been implemented.

Workflow of the Implementation of the Accounts Payable Functionality

To implement the accounts payable functionality, you perform the following general steps:

  1. On the Vendor Classes (AP201000) form, you create the default vendor class, which will be used to provide default values for vendor accounts of the class when these vendors are created and for other vendor classes that may be created. For details, see Accounts Payable: To Create a Vendor Class.
  2. On the Accounts Payable Preferences (AP101000) form, you specify the necessary settings (and any optional settings) to be used in accounts payable. For details, see Accounts Payable: To Specify Accounts Payable Preferences.