Windward's OPE Edition | Accounts Payable

Entering Accounts Payable bills is easy. Normally, when you receive inventory, the total amount of the purchase is posted to just one ledger number, account 1200 in this example. This is because the inventory being received is detailed on the Add Stock entry in the purchase order section so there is no need to duplicate this information.
If you purchase a lot of inventory at one time and negotiate the option to pay it in installments such as 3 equal payments, Windward will track those distributed due dates and remind you when you need to pay the bill and how much to pay.

If you are in Canada, Australia or other country dealing with the GST or VAT taxes, you can enter your input tax credits on the bill. These are the taxes that you pay, but can get back from the government. The system will warn you if you forget to enter the tax.
While creating a bill, you can link it to the original purchase order to ensure the prices are as you agreed and that you have received the goods. There is not profit in paying for items you have not received.