Scenario 2 - Bill Payment

Now on a later date, we are paying money to the vendor. We are paying the vendor $450. Let us see how we can go ahead and pay the vendor.

1. Click on Bill Payments Object in the Home Page

1. Click on the New Bill Payment button

1. Enter the relevant data

1. Select the Vendor from the lookup menu
2. Enter the amount in the space provide for
3. Enter the Bank Name
4. Enter the check number
5. Select the date
6. Change the Stage to Post
7. Select the appropriate account from the lookup menu
8. Click on Save button

1. New window is opened, click on the Apply Bill Payment button

In the new window, you will see the pending payments for this particular vendor appears


5. Select the appropriate Bills by ticking the Check boxes and enter the amount to be applied in the Payable Amount field and click on the Apply Bill Payments button

You can see that the $450 is applied for all the three bill numbers as under in the bill payment detail page
Now, we have understood how a payable is created and is been paid on a later date.