Tag Archives: ledger systems
How to Make Entries to Your Accounts Payable – part 2
Accounts payable may be affected by adjustments— decreased by vendor credits, for example, or increased by interest charges on delinquent accounts. The danger isn’t great from inappropriate crediting, but be cautious nonetheless. These adjustments should be treated with as much care as adjustments to accounts receivable. Supporting documentation for any vendor adjustment should be required. [...]
How to Make Entries to Your Accounts Payable – part 1
Making entries to the ACCOUNTS PAYABLE system is as easy as one, two, three: 1. Post purchases or other transactions to the appropriate vendor account. 2. Post vendor purchases to the A/I1 subledger. 3. Post summary of ACCOUNTS PAYABLE in the general ledger and any other offsetting accounts. Automated accounts payable systems generally post to [...]
What are the Advantages of Automated Accounts Payable
Many companies have added automated A/13 files to their general ledger systems. Most systems automatically track and report payables and provide summaries of amounts owed each vendor. All in all, life becomes much easier with an automated system—providing the accounting department: Sets up vendor files properly. Sets up the A/1′ subledger to default to the [...]
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Recent Posts
- Credit informational asymmetries
- Adverse selection in a loan model
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- Different degrees of loans subordination
- General fluctuations of credit spreads
- Investors require a premium for taking on credit risk
- Lagging indicators of credit quality
- Selection of your credit spread class
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