Posting Vouchers - Detail

What Happens During Posting

Posting does the following:

• Updates vendor records
• Creates posted transactions
• Updates the voucher register
• Updates the G/L journal

During posting, the system performs these steps:

1. Adds the invoice amount to the Purchases YTD field on the Vendors or Multi-Site Vendors form for each posted transaction. For a voucher, the Last Purchase Date field on the Vendors or Multi-Site Vendors form is updated with the distribution date, provided that the distribution date is after the Last Purchase Date.
2. Creates a posted transaction record for each voucher transaction, and updates the corresponding posted transaction record for each adjustment transaction.
3. Creates a voucher register record for each transaction that is not posted from PO. For each transaction, one voucher register distribution record is created for the A/P account, and one is created for each posted distribution record.
4. Creates G/L journal entries for all A/P transactions, whether generated in PO or created in A/P.

Related Topics

Accounts Payable Steps