Re: [SL] Reminder Needed: Changing Linking Account

[Rich S. <rsh...@ap...>]

On Thu, 26 Feb 2009, Paul Tammes wrote:

> How do you enter payments? If via a suspense account, there might be some
> set offs not automaticaly going trough. Let me explain:

Paul

   Via the A/P menu's 'enter transaction' item.

> I use a ledger for A/P (#1600) when entering invoices. When paid from the
> bank I debit A/P invoices paid suspense account (#1605). Then the A/P dept
> can apply the amounts in #1605 to settle the paid invoices. Quicker on bank
> account entry, leaving A/P dept with the hassle. But then, they now the
> suppliers better than I do ;-)

   In my system Current Liabilities is a/c #2100 and A/P is #2110. When an
invoice comes in I enter an A/P transaction. When I pay them via the Cash ->
Payments page, and post after checking successful printing, I don't expect
to see them in the 2110 account any longer. But, they're still there. And, I
see them in 2100, the Current Liabilities account.

> What I mean to say is, there might very well be some payments not
> allocated to the A/P (sub) ledger, which will result in a huge total on
> A/P. Search for your equivalent of #1605!

   I have no such suspense account.

Rich

-- 
Richard B. Shepard, Ph.D.               |  Integrity            Credibility
Applied Ecosystem Services, Inc.        |            Innovation
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