Vendor Defaults
This tab has the categories by which outstanding invoices will be sorted on the Aged Payables report
This type of AP transaction never effects the General Ledger
What is Purchase Order?
Reports with a name ending in this word show the transactions that are in them with their debit and credit effects
What is Journal?
This option in the toolbar at the top of Sage 50 has a drop down list with access to every transaction window in Sage 50, including those for accounts payable
What is Tasks?
The Pay Methods tab allows up to this many Payment Methods to be stored in Sage 50
What is 20?
Every other transaction type in AP can be skipped and just this one can be used to record everything that can be done in the others
What is Payments?
A blue wrench icon next to a form name under Reports & Forms indicates that it has been this
What is customized?
What is Accrual?
This tab has five field labels boxes that users can type anything they want in them
What is Custom Fields?
This window in Sage 50 is useless, but can be thought of as a streamlined way to enter a payment that is not against an invoice or for inventory item IDs
What is Write Checks?
Vendors set to this 1099 type will print to the Miscellaneous version of the form
What is Independent Contractor?
What is Select For Payment?
This tab is used to designate which box vendor payments will print on their tax forms
What is 1099 settings?
Doing this to a check actually creates another check in the opposite amount of the original one
What is void?
Click the blue balance link on the General tab of a vendor record opens up this report
What is Vendor Ledger?
Vendor ID and this other field are required when making a new vendor
What is expense account?
Payment Terms allows you to set a default expense account and this other account
What is Discount GL?
Prepayments and this transaction type will show as negative amounts on the vendor ledger and the Payments window
What is Vendor Credit Memo?
This type of transaction has no form as it cannot be printed from the Sage 50 program
What is Purchase Invoice?
(Also acceptable: Bill, Purchase, Purchase/Receive Inventory)
This tab in the Vendors & Purchases window of Sage 50 can be customized to show whatever lists and information the user would like to see displayed
What is Vendor Managment?