How do I pay off an invoice from Purchase Ledger Postings?
Summary
This article explains how to pay off an invoice in Purchase Ledger Postings
More Information
As you post a document in " Purchase Ledger Postings", you can show it as paid at the same time. This should only be done IF the document has been paid immediately. "Payment Nominal Centre" should only be used if the invoice that you are posting has been paid "on the spot" by whatever method you have chosen.
The Nominal Codes that should be used here are :-
- 'Z992 - Bank Account'.
- 'Z991 - Petty Cash'.
- The nominal code set up for the company credit card control.
 | You should NOT be using 'Z900', 'Z901' or 'Z902' in the Purchase Ledger - they are designed to help you cope with takings and not with money that you are paying out. |
The analysis of the actual invoice (is it parts, clothing, accessories, heat & light, telephone and so on) is carried out by filling in the "Centre" field at the bottom of the screen.
"Payment Description" should only be filled in if "Payment Nominal Centre" is filled in, and this should show either Cash, the cheque number or Credit Card, depending on the method of payment used.
See also
PL04
