Register received payments by manually applying them to the related customer, vendor, or bank ledger entries. Then, post the payments to G/L accounts and thereby close the related ledger entries.

Register payments to vendors. A payment journal is a type of general journal that is used to post outgoing payment transactions to G/L, bank, customer, vendor, employee, and fixed assets accounts. The Suggest Vendor Payments functions automatically fills the journal with payments that are due. When payments are posted, you can export the payments to a bank file for upload to your bank if your system is set up for electronic banking. You can also issue computer checks from the payment journal.

Post any purchase transaction for the vendor.

Adjust the physical quantity of items on inventory.

Open a list of journals where you can adjust the physical quantity of items on inventory.

Change information on item ledger entries, such as dimensions, location codes, bin codes, and serial or lot numbers.

Post any sales transaction for the customer.

Create a cash receipt journal line for the bank account, for example, to post a payment receipt.

Open the list of payment journals where you can register payments to vendors.

Open the job journal, for example, to post usage for a job.

Post purchase transactions directly to the general ledger. The purchase journal may already contain journal lines that are created as a result of related functions.

Open a sales journal where you can batch post sales transactions to G/L, bank, customer, vendor and fixed assets accounts.