1.

What Is Account Payable? How We Pass The Entries In Account Payable?

Answer»

Account payable is the outstanding balance that we must PAY to the third party or suppliers.
We pass the entries in account payable from two sides: purchase order and general ledger.

  • Purchase order module will be posted after material order has been arrived in warehouse and combining with invoice PLUS related documents that have been APPROVED by authorized person.
  • General ledger normally from SERVICE ENTRY where it must be attached by service agreement between company and third party.

Account payable is the outstanding balance that we must pay to the third party or suppliers.
We pass the entries in account payable from two sides: purchase order and general ledger.


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