There may be times when you purchase something and immediately pay using a company credit card, a check, or petty cash. To log these purchases and their payments quickly, follow the steps below.
- Enter a purchase order to record to transaction. For help, click here.
- Once you save the record, click the button to record the payment.
- When the payment dialog appears, enter the payment type, amount and click Apply Payment.
When you click Apply Payment, aACE automatically create a related Purchase record to record the purchase liability and a Disbursement record to log the corresponding payment.. You will see these entries when you reconcile your accounts.