Multiple Bill Payments: Generated Transactions
When a payment is released, a batch is created with transactions reducing the balances of the cash account and the vendor's accounts payable account.
Attention: If the payment is released at the proper time,
before the cash discount date, a cash discount can be applied (and deducted from the payment
amount). This business process does not cover cash discounts.
Releasing an AP payment creates the following GL transaction.
| Account | Debit | Credit |
|---|---|---|
| Cash account | 0.00 | Amount |
| Accounts Payable account | Amount | 0.00 |