Accounts Payables are individuals or organizations whom the business owes money for goods or services provided on account.
Generally speaking if you have an account with another person or organization they would usually keep track of the money you owe them, so it may not be necessary for you to also perform that action.
However we know that due to the nature of some businesses it can be a necessary function to be able to record the total of money owed to accounts payables, as this can effect the cash flow of a business month to month.
There is also the other side of the coin where if you were relying completely on the other party to manage the account they could get it wroing, and without double checking by also keeping your own records you could be open to mistakes made by them in their own accounting practices. This can lead to over paying for goods or services.
EasyAs Accounts Payable.
EasyAs provide a simple way for you to keep track of an accounts payable. You have to choice of making the task as simple or as complex as you desire.
We provide you with two methods of keeping track, we call them Standard and Audit Methods.
Like everything in easyas if you don’t need to use this area of the accounting program then simply skip over it, don’t use it if you don’t need to, after all the simpler you can keep your accounting the better.