AP Process
Overview
In this section, you will learn how supplier invoices and AP payments are processed in QAD Enterprise Applications. This includes several variants to the basic AP flow, and also the allocation and approval processes.
In the final section, you will review the available Accounts Payable reports.
Supplier Invoice Basic Processing Flow
Use the Supplier Invoice function (28.1.1) to create, view, modify, and delete supplier invoices and credit notes. You also use this function to:
• Create initial invoices to enter supplier documents immediately into the system.
• Match current invoices against original purchase order receipts.
• Prepare invoices for allocation and allocate the invoice.
• Approve invoices.
• Place invoices on payment hold or release invoices for payment that are currently on hold.
• Reverse incorrect invoices and their postings, and, optionally, replace these with new invoices.
