Accounts Payable Ledger Forms. Describes the Accounts Payable module, and discusses the programs required to work with the accounts payable functionality. Definition: The accounts payable ledger, also called the creditors ledger, is a subsidiary ledger that lists all of the vendors and suppliers that a This is a list that is not detailed in the general ledger of all the vendors and other companies that are owed money.
This form is to be used to provide information on a new U.
Use the following forms to set up the basic functionality of Accounts payable for each legal entity.
Accounts payable subsidiary ledger is due where data relating to individual creditors are kept. Accounts payable (AP) is money owed by a business to its suppliers shown as a liability on a company's balance sheet. An accounts payable (AP) is essentially an extension of credit from a supplier that gives a business (the buyer in the transaction) time to pay for the supplies.