Invoice Recording

							                  Chapter Five - Accounts Payable
                         Table of Contents
Learning Objectives
Introduction
Section 1: Payable Accounting - Review and Computerized Theory
       Accounts
       Transactions
              Purchases
              Purchase Returns and Allowances
              Payments on Account
              Purchase Discounts
       Vendor (creditors) Types
              Open Item
              Balance Forward
              Modified
       A/P Subsidiary Ledger
       Document Flow
       Petty Cash
       Credit/Debit Memo


Section 2: User's Guide
       Flow of Data
       Steps in Setting up the Accounts Payable Module
               Main File- Vendors
               Fields
               Vendor Maintenance
               Beginning Balances
               Set Beginning Check Number
       Transactions
               Purchase Invoice
                      Recording an invoice
                      Entering an Invoice
                      Fields in Invoice
               Payments
                      Check Writing
                      Payments List
                      Purchase Discount
                      Check Types
Table of Contents - Con't

       Reports
              Vendor Listing
              Purchases Journal
              Cash Disbursements Journal
              Open Item Reports
                     Aged Report
                     Activity Listing
       Close Month

       Error Handling
              Voiding a check
              Incorrect account on paid invoice

Section 3: Student Application--Sample Problem: Susy's Balloon Service- September
       Set up Accounts Payable
       Monthly Transactions
       Month End Activities

Summary
Key Terms
Review Questions
Self Examination Questions
Dr. Detail, Phd
       General Instructions
               Set up Accounts Payable
               Monthly Transactions
       Audit Test
       Trial Balance - Key
ABC Company
       General Instructions
               Set up Accounts Payable
               Monthly Transactions
       Audit Test
       Trial Balance - Key