Accounts Payable

Fund Accounting, Accounts Payable, Accounts Receivable, Payroll

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raylaurenza
Posts: 39
Joined: Mon Sep 21, 2009 10:28 pm

Accounts Payable

Post by raylaurenza »

When I receive a bill, I enter it as accounts payable. When I run a balance sheet, I don't see any accounts payable under Liabilities, even though I have a series of bills that are waiting to be paid.

Shouldn't I be seeing whatever is owed under Liabilities as Acct Pay?

If so, how would I set that up?

Thanks
Ray

Zorak
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Location: PowerChurch Software
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Re: Accounts Payable

Post by Zorak »

PowerChurch Plus is a cash-basis accounting system.

It sounds like you are looking for accrual numbers on your Balance Sheet.

Account balances don't change in PowerChurch Plus until you write the check and post it.

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