In the 4-2 Payable Invoices/Credits window, you can enter transactions that affect vendor accounts. You can create payable invoices or credit invoices, track and release
Another critical tool for managing vendors is the ability to print and post two-party
A number of other features enhance record entry. When you select the Manufacturer Details option, Sage 100 Contractor includes the manufacturer’s name and part number in the description of each part. To help manage inventory, select the Allow Freight/Variance option to post variances in material or freight costs. When you have finished entering records, use the batch list to verify the invoice totals against the actual invoice totals.
Some states do not require subcontractors to carry Workers’ Compensation insurance. In these states, the subcontractors use the general contractor’s insurance policy for the duration of the job, and the general contractor deducts the cost of coverage from payments to the subcontractor. Check with your state for compliance requirements as the laws vary in each state. When entering a payable invoice for a subcontractor, you can calculate the cost of coverage and add it to the invoice as a credit.
Use the Remove Paid/Void Invoices option to remove paid or voided invoices meeting the following criteria:
n | The status is Paid or Void. |
n | The invoice does not have a job number. |
n | Associated payments have been posted prior to the current year. |
About accounts payable |