Accounts Payable

[acctgtj]

Hi,

This may seem like a simple question, but I am using PC+ v. 9 and I see that there is no way to enter accounts payable invoices, and then show them as an "accounts payable" account balance on the balance sheet.

I would like to be able to enter and post invoices debiting the expense and credit accounts payable account. This would then show an 'accounts payable' balance. Then I would like the ability at some later point to go in and select open invoices for printing checks.

Is there a way to do this? Or do I always have to print checks after entering invoices? I'm thinking particularly at month end where I have open invoices, and want to show them as accounts payable, and not yet paid. Thanks.

[Jeff]

PowerChurch is designed as a cash basis sytem. What this means is that no entry is shown until a check has been written.

[hajian]

Are there any plans to change PC+ to give us the option of the non cashed based accounting (accural - or something like that)? I've been using Simply Accounting to many years and I'm having a painful time transferring my thinking to PC+ accounting module.

[hajian]

PowerChurch is designed as a cash basis sytem. What this means is that no entry is shown until a check has been written.

How would it work if a person sets up an accounts payable account for each of their accounts payable. Then when you make a purchase from ABC company, you post it to the appropriate expense category and the ABC company's accounts payable liability account. Later, when you pay one (or more) of the ABC company's invoices on one check, you would write the check and decrease the liability (I still don't have my debit & credit's sorted out).

Just a thought.