BiG Consulting Corporation

Setting up Recurring Vouchers in Accounts Payable can be a great time-saver.  They are perfect for situations when vouchers need to be entered at specific intervals and the amounts and G/L Distributions are always the same.  Examples might be:

• Monthly mortgage and car payments
• Quarterly subscription dues
• Annual life insurance payments

The process is similar to entering a Standard Voucher, with just a couple of extra fields to enter, and 1 report to run.

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The requirement of differentiating between ACH and Wire Transfers can be fulfilled in a number of different ways.  This blog entry focuses on one possible method.  The assumption is that each Vendor can have both types of transactions.  If vendors exist that only do ACH or Wire Transfers, this technique can be streamlined by defaulting a specific Payment Instrument on the Supplier Master application. Read more…