Dec 31, 2008 Posted by Maestro on Dec 31, 2008 in General | 0 comments

Exercise 19: Paying an Invoice

Allow future transactions

1. Before you begin, set Simply Accounting to allow future transactions. In the Home window, from the Setup menu, choose System Settings and then Settings. Click the System tab, and check Allow Transactions In The Future (Beyond The Session Date). Then click OK.
2. Open the Payments window.
3. In the first three fields, select Pay Vendor Invoices, Cheque, and 1060 Chequing Bank Account.
4. In the To The Order Of field, select Software Unlimited.
5. In the Date field, type 01-08-2005 (the day on which you make the payment).
6. In the Discount Taken field, type 10.
7. Click the Payment Amount field. The full amount of the invoice, minus the discount, appears.
8. In the Comment field, type Discount taken for late delivery.
9. Click Process. Simply Accounting warns that you have not printed a cheque for this payment. Click Yes. (To print a cheque, you would choose Print from the File menu. Note that you set the program to display this warning in Exercise 4.)

Exercise 20: Making a Miscellaneous Payment

1. Open the Payments window.
2. In the Transaction Type field (the first field), select Make Other Payment.
3. In the By field, select Cheque. Simply Accounting automatically enters the principal chequing bank account.
4. In the To The Order Of field, type D&P Charities, and press the Tab key. You have not entered a record for this vendor, so Simply Accounting asks if you want to add the name to your vendor list. Click Continue to use this name without entering a record.
5. In the Account field, type 5740 and press Tab.
6. In the Description field, type Money for charity event, in the Amount field, type 200, and in the Tax field, select – No Tax.
7. Choose Print from the File menu to print the cheque.
8. Click Process.

Taken From : Simply Accounting