Payables in Financial Edge NXT leverages existing invoice and vendor information defined in the database view. For example, the vendors and invoices you created in the database view, also appear in Financial Edge NXT. You can move seamlessly back and forth between these two interfaces to access the same underlying information.
Before you begin to work with Payables, please review the following information about the tasks you perform in Financial Edge NXT and the tasks you perform in the database view.
You can perform the following Payables tasks from the web view:
View, add, edit and delete invoices.
View interfund entries for invoices.
View and manage invoice distribution and adjustment information.
View, add, edit and delete vendors.
Add vendor default distribution information.
View vendor activity.
View, add, edit and delete credit memos.
Add EFT bank accounts.
Add 1099-MISC information.
Attach media to a vendor.
View purchase orders
Post to GL.
These Payables (Accounts Payable) tasks must be performed in the database view:
All setup and configuration, including administration tasks and setting up business rules.
Add, edit, delete purchase orders.
Add, edit, delete, or view recurring invoices.