Using Accounts Payable

Creating Vouchers from a Prepaid Purchase OrderGL Transactions for Vouchering Pre-Paid PurchaseOrdersThis section describes the GL transactions that occur when create aprepayment voucher for a purchase order, and then create and pay a voucherfor the purchase order balance.Create a purchase orderDEBITCREDITEncumbrance acct $1,000Prepay 25% of the purchase orderDEBITCREDITPrepaid acct $250AP control acct $250Use the Purchase Order Pre-Pay (POPP) form to create the prepayment. Whenyou finish from the POPP form, Colleague automatically creates a voucher forthe prepayment.Using Accounts Payable, June 19, 2009 177© 2009 Datatel, Inc.