Exercise- Record a vendor invoice not associated with a purchase order
This exercise explores recording vendor invoices that aren't associated with purchase orders. Examples of this type of invoice include expenses for supplies or services.
This exercise uses the USMF demo company.
Go to Accounts payable > Workspaces > Vendor invoice entry.
Select New invoice journal.
Select New.
In the Name field, enter the journal name or select the dropdown button to open the lookup.
In the Description field, enter a value.
Select Lines.
In the Date field, enter the posting date that updates General ledger.
In the Account field, specify the vendor account.
In the Invoice field, enter the invoice number.
In the Description field, enter a value.
In the Credit field, enter a number.
In the Offset account field, select an expense account number. The Sales tax group defaults from the vendor account, and the Item sales tax group defaults from the main account that's specified in the Offset account field. Additionally, the system calculates the due date based on the terms of payment, and then the cash discount defaults from the vendor account.
Select Post.
Close the page.