Accounts Payable provides several convenient methods by which you adjust transactions and account balances.
In Accounts Payable, you enter adjustments individually in one of the following ways:
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By entering an adjustment transaction using the A/P Adjustment Entry screen, specifying the document number to adjust and the general ledger account to debit or credit.
When you add an adjustment, Accounts Payable automatically assigns a document number, beginning with 1.
- By adjusting specific documents using the A/P Payment Entry screen, provided the Allow Adjustments in Payment Batches option is selected on the A/P Options screen.
- By entering a debit note or a credit note using the A/P Invoice Entry screen. You use this method to adjust documents that have been completed and cleared from Accounts Payable, or to enter a general adjustment to an account balance.
Vendor statistics include the total amount and number of adjustments entered for the period, and the amount and date of the last adjustment transaction entered.
Updating Bank Services
Important! If you make any adjustments that affect a bank account, you must make a second adjustment in Bank Services.
Accounts Payable does not send adjustment information to Bank Services.