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C. This is the auto generated number for the Accounts Payable against the Purchase Order (I)

D. The Record Type distinguishes between shows the entry is either Bill or the Purchase Order

E. The Vendor's/Supplier's name is shown to whom the Payable is related to

F. The Status shows at what stage the transaction is in via Final, Non-Posting or Post

G. Amount shows the how much money is been paid or needs to be paid to the vendor/supplier

H. The date of transaction is recorded

I. The Purchase Order against which the payment is made will be shownNumber is a auto generated number for the transaction made

To record the new Payables transaction click on New Payable button.

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Information related list

A. Here you need to can select the Vendor from the lookup menu if you have already created an account or you need to create one before proceeding with the payable

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All these information is auto populated if the account is already created and saved in the Accounts. To get these fields auto populated you need to select an account from the lookup list when you select Vendor in the Information related list (refer A)

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C. FOB means Freight On Board or Free On Board. If terms of delivery of a transaction is on FOB that means, the cost of movement of goods on board of Airlines or on board of Ship or any other mode of transport to be borne by the seller

D. The vendor would have requested to some special service during the billing and it is recorded here in the Customer Message Vendor message is to be saved in here

E. Terms define the agreement about the amount and the timings to repay the amount within the specific date, if not the purchaser will charge certain percentage of interest and that is defined in the Terms. In short the agreement between two or more parties concerning the amount and timing of payment for goods or services

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