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Setting up Accounts Payable Information

Before you can post your first payable invoice to FinancialForce Accounting, you must carry out the following tasks:

1. Ensure that when you built your chart of accountsA collection of general ledger accounts, entities, and analysis dimensions, organized into a reporting structure., that you designated at least one general ledger accountThe general ledger will normally include general ledger accounts (GLAs) for items such as income, expenses, assets, liabilities, and reserves. as the accounts payable control.
2. Set up the items and services that you purchase (products).
3. Set up your vendors (suppliers) as Accounts.

Before you pay your first vendor, you must set up your payment templates.

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