Fields & Definitions for the Purchases - A/P Setup
 
 
Consume and Advance Next Check Number Default to Consume and Advance to next Check number.
Accounts Payable This  GL Account number for the Accounts Payable – Trade will be defaulted in.
Prepayments on Accounts Payable This field will be blank.  User must setup a  GL Account number used for Pre-Payments on an  Accounts Payable transactions.
Discounts Earned

This GL Account number where the user has earned an early payment discount from the Supplier will be defaulted in..

Sales Tax Expense

This GL Account number for the Sales Tax expense will be defaulted in.