The Payable Type Code Database is required to identify types of payables. As all options are similar they are described in the additions module only.
Payable Type Code
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Enter a 2-digit payable type code. This code provides you the ability to separate payables into different groupings, (trade invoices, expense statements etc.).
Description
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Enter a description that identifies the Payable Type.
Bank Code
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Enter a valid bank code. The bank code represents from which bank the AP cheque will be written.
Invoice/Expense
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Enter 'I' to identify invoice entry.
'E' Is Not Supported – Future Enhancement
Note: The Audit report can be exported to Excel