Accounts Payable Settings screen

Use the Accounts Payable Settings screen to establish basic information that ProContractor uses to control the way the accounts payable functions operate for a company, including the general ledger accounts that will be used for the various accounts payable transactions.

ProContractor has a default set of accounts payable settings. You can modify these settings as needed.

When Invoice Status is Pending Approval:

  • Require General Ledger: Yes

  • Require Project: Yes

  • Require Tax Distribution: Yes

  • Do Not Include Pending Approval Invoice in Invoice Amount Calculations: No

  • If Not All Document Routing Distributions Are Closed: Warn if Changing Invoice Status

  • Posting Date Default: Invoice Date

One-Time Vendor Format:

  • Auto Distribute Freight: Yes

  • Vendor Format: Alphanumeric

  • Number of Alphanumeric Characters (1-5): 5

Additional Settings (unlabeled)

  • Vendor Compensation Reporting Period: Calendar Year

  • Warn if Incurred Cost is Greater Than Budget: No Warning

  • Warn if Invoiced Quantity is Greater Than Ordered Quantity: Warn and Allow Transaction

  • Warn if Invoiced Quantity is Greater Than Received Quantity: No Warning

Note: To open the Accounts Payable Settings screen, click Vendors > Setup > Accounts Payable Settings in the All Tasks pane.
Note: The Accounts Payable screen is a step in the Vendor Setup process. The Purchasing Settings screen is the next step.