GnuCash has an integrated accounts payable system. As with
Accounts Receivable you must have an Accounts
Payable account set up under Liabilities for each currency
in which you will issue invoices. The Accounts Payable accounts accrue
the amounts you owe to others, so bills credit these accounts and payments and credit memos
debit these accounts. Generally you do not directly work with this account but use the four
integrated GnuCash A/P application components. The A/P components
are available from the
→
sub-menu.
These A/P components are:
Vendors are people or companies from which you buy products or services on credit.
Bills represent the physical bills vendors send to request payment from you. A bill contains an itemized list of things you purchased.
Jobs (optional) is where you register Vendor Jobs. Jobs are mechanism by which you can group multiple bills from a particular vendor.
Process Payments is where you register payments to a vendor to whom you owe money.
The following sections introduce the individual Accounts Payable application components.