Payables Journal Use the Payables Journal to record a purchase that creates an outstanding payable that does not involve inventory. If you need to record inventory purchases, use Item Purchases. Saving a Payables Journal document automatically updates the general ledger and creates an outstanding payable. After the payable is created, you can use Vendor Payments […]

Click Item Purchases in the Command Center. If necessary, enter or change the Document # and press TAB. The Vendors pop-up list appears: Select a vendor from the pop-up list and press TAB. For details about using pop-up lists, see “Using Pop-Up Lists.” Note:  After selecting a vendor, you can see the vendor’s transaction history […]

Item Purchases Use Item Purchases when you want to record the purchase of inventory items for resale. Saving an Item Purchase automatically updates your inventory, the general ledger, and creates an outstanding payable. After item purchases are recorded, use Vendor Payments to create the check to pay the vendor. Note: Before an item can be […]

MultiLedger offers great flexibility for recording purchases. Depending on the type of purchase you want to record, the three windows you can use are: Item Purchases Payables Journal Disbursements Journal These windows are discussed in the following table. If you want to…. Use this transaction window Record an inventory purchase for resale that creates an […]

The following flowchart is designed to give you a basic overview of vendor-based transactions. The rest of this Article describes each option in detail. Related Articles How to Record Purchases in CheckMark MultiLedger Item Purchases in CheckMark MultiLedger How to Record, Modify & Delete a Purchase with Item Purchases Payable Journals in CheckMark MultiLedger How […]

Calculating Finance Charges You can calculate finance charges on outstanding customer invoices by using Finance  Charges.  You should create a new finance charge each month for past due invoices. Note: You could print out an aged accounts receivable report (on Customer Reports) to help identify outstanding receivables past their due dates. Finance Charges Field Descriptions […]

Recording Customer Credit for Returned Inventory Click Customer Invoices in the Command Center. Enter the credit memo information. You could enter an invoice number, such as CM[date], to help identify the credit memo. Follow the guidelines in “Recording a Sale with Customer Invoices.”, except for the following fields: Item Select the returned item from the […]

For quotes involving inventory, you should use Customer Invoices. For other quotes, you can use the Sales Journal. Saving an invoice as a Quote does not create an outstanding receivable and does not affect the general ledger until the quote is converted to an invoice. A quote can be modified, deleted, or converted to an […]

The Customer Payments Window You can use Customer Payments for any of the following situations: You need to record a deposit consisting of payments for outstanding receivables, such as invoices or finance charges. A customer fails to pay an invoice or finance charge, and you want to record this as a bad debt or reverse […]

Receipts Journal You can use the Receipts Journal to record a deposit that is the result of income not associated with an accounts receivable transaction. You can also record miscellaneous deposits, such as bank interest or a refund that you’ve received. Please Note: that because you can’t associate a Receipts Journal deposit with a customer […]