In this lesson, you will learn all about how to manage accounts payable and accounts receivable. This lesson assumes that you have carefully read the Quick Start Guide, and Lessons 1-5.
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Let's assume that your suppliers sent you some bills for the purchase orders you created in the previous lesson. The next few scenarios will cover how to enter your supplier's bills into OneSource.
Enter a bill for one of the purchases you made with SupplierXYZ.
Enter a fictional bill from SupplierXYZ for "Delivery Services". Enter $300 for the amount of the bill.
Enter another fictional bill from SupplierXYZ that is not related to a purchase order, use any data you would like.
Find a Bill from SupplierXYZ.
Find a Bill from SupplierXYZ using the Summary of Payables form.
Pay one of the bills you just created.
Pay the remaining bills that you just created, using the Pay Multiple Bills feature in OneSource.
Find the AR information for the customer Anaheim Music.
View a summary of AR information using the Summary of Receivables form.
For this section, let's assume that you have received some payments for the invoices that you created earlier. The next few scenarios will cover how to receive a payment for an invoice.
Find a single invoice that you would like to receive a payment for, and receive the payment.
Find a customer with multiple, unpaid invoices, and receive a payment for the customer's total unpaid balance.
Use a customer's credit memo to pay for all or part of an invoice.
Create finance charge invoices using the Assess Finance Charges feature.
Use the Manage Receivables feature to view all AR balance information from January 1, 2004 to the current date.
Find a customer that has a balance, and print an AR statement for them.
ID: L1142