Vendor payments
A vendor payment settles one or more open vendor bills. It records the payment account, bills and credits applied, discounts taken, and total paid.
Open Menu and select Payables > Vendor payments. You can filter the list by Vendor, Vendor payment date, Status, Payment account, Payment total, or Vendor payment. The list supports bulk Submit, Approve, and Reject actions.
A posting vendor payment debits accounts payable and credits the selected payment account. It reduces the amount due on each bill by the applied amount. Draft, pending-approval, and rejected payments do not post or change the bill’s posting balance.