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  • May 30, 2023 16:26
  • Updated

Accounts Payable - Set Up

When setting up your account for the accounts payable feature, you’ll need these things done first: liability accounts for your accruals, accounts payable account codes (chart of accounts), approval routing for your invoices, taxes, and profile set up for your users.

Contents

  • Chart of Accounts: Liability Accounts
  • Approval Routing
  • Taxes
  • Profile Set-Up

Let’s get started 

 

1. Chart of Accounts: Liability Accounts

Liability accounts are general ledger accounts. These accounts balance transactions that a company may record debits, prepayments, etc.

Set up your chart of accounts.


2. Approval Routing

Create a group for your Bill approvals. Next, add an approver to approve those Bills!

Check out how to set up your approval routing here.


3. Taxes

Add taxes to track them in your accounting system.

Set up your taxes!


4. Profile Set-Up

Add the Accounts Payable role to your users and the Accounts Payable approver role.

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