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Navigation: ENTERING AND PAYING BILLS >
Entering and Editing Bills
Once you have used the New or Edit button on the Bill List window, or the Actions ⇒ Enter Bills menu option, or the Enter Bills quick link on the main menu, you will be brought to the following detail window for that bill, to create or edit its properties. (This is a sample, for one sample bill we created.)
A bill that you are entering for later payment must always be entered against an Accounts Payable account. (It is possible to have more than one such account, but most organizations will only have one.) The other side of the transaction is shown in the splits area in the bottom half of the window, and will usually consist of any sales taxes, and one or more expense account lines.
The fields that you fill in are as follows:
•Payables Account: If necessary, select which Accounts Payables account this bill is to be charged against. (After you have used this window once, this will be set on subsequent uses to whichever account you used the previous time.)
•Vendor: Which vendor this bill is for. You can select the "<Add New>" item on this drop-down to add a new Vendor while you are entering the bill.
•Total Bill Amount: The amount of the bill, including any sales taxes. (You can enter a credit memo from the vendor by entering a negative amount.) As soon as you enter this Amount, it is immediately copied into the Amount field in the first line of the splits section at the bottom (as long as that field is still empty).
•Tax Code: As on the register windows, you can select a pre-defined Sales Tax Code from this drop-down list. The codes are specified via the Maintenance ⇒ Sales Tax Codes window. Selecting a Tax Code causes an automatic split of the transaction associated with the bill, to include the associated sales tax accounts.
•Bill Date: The date on the bill.
•Due Date: The date the bill is due (with no penalty for late payment).
•Terms: The payment terms for this bill. (If you select a Vendor for a new bill that has payment terms in the Vendor record, this field will be automatically filled in from the Vendor record, but you can still edit it after that if desired.) This field is only for information - there are no calculations in the program that use it in any way.
•Reference #: Any reference number for this bill, for instance an invoice number.
•Memo: Any memo that is relevant for this bill. This will be printed on any cheque you use to pay the bill, but only if the Vendor for this bill does not have an Account # field specified for it. (If an Account # is specified, it will be printed as the memo on the cheque.) See below also for details on how this Memo may get copied to the Memos on the splits lines for the other accounts involved in this transaction.
Of those fields, only the Payables Account, Vendor, Total Bill Amount, Bill Date and Due Date are required.
Entering the Splits
Once you have filled in the fields at the top of the window, you use the area at the bottom of the window to specify the splits (also called "counter accounts") for the transaction associated with the bill. (This is very much like a register splits window.) If you selected a Sales Tax Code, those accounts and their calculated amounts will already be filled in. You will need to select one or more expense accounts to charge the pre-tax bill amount to. (In rare cases, accounts other than expense accounts may be used.) Of course, the splits Amounts must add up to the Total Bill Amount.
The Account field normally drops its list down automatically, as soon as you Tab or click into it, though this can be changed with an option on the Maintenance ⇒ Main Options window. (If that option is turned off, you can drop down the list by clicking on it with your mouse, or pressing the keyboard combination Alt+DownArrow.)
The accounts on the list are initially displayed in chart of accounts order, but if you press a letter, it immediately goes to the first account that starts with that letter, and also re-sorts the list in alphabetical order, to make it easier to see and select other accounts that start with that letter. If you press Backspace after that, or Tab out of the field, the list is returned to chart of accounts order.
When the Account list drops down in a field that currently has no value it, the list is automatically scrolled for you to the first Expense account, since those are the accounts you are most likely to pick for the splits on a bill.
The Amount fields in the bottom half (which are totalled in the Total field below the grid) must add up to the Total Bill Amount of the bill in the header.
The optional Memo field for the splits lines can be used for a further description of that individual split line. The Memo you entered for the overall transaction in the top part of this window will always be stored with the implicit split line for the Payables Account of this transaction. It will also be stored with each split line for the transaction that you do not enter a distinct memo for, when you save the transaction.
Click OK to save this bill, or Cancel to abandon any changes. Either one will close this window.
Saving a new bill creates a transaction in the selected Accounts Payable account. It can be viewed (but not edited) in the register window for that account. When you view bills entered with this window on the register window, they will show a Type (transaction type) value of "BILL".
Deleting Split Rows
On occasion you may find that you have entered a split row that you don't want to be there, and don't have any other split row you can overwrite it with. To get rid of it, just clear the Account value (by selecting the blank value at the top of the drop-down list of Accounts) and also clear every other value on that row. You can also do this clearing of a line by right-clicking on it and picking Delete Row from the popup menu. When you save the window, that row that is now entirely empty will disappear.
How to Pay a Bill
If you enter a bill on this window, you must record your payment of it using the options for paying a bill on the Actions menu or in the main window's quick links. If you just enter a cheque or other payment for it directly on a register window, the program will not pick up the fact that the bill has been paid, and will still show it as outstanding on the Bill List or Bill Payment windows, and on Reports ⇒ Vendors and Bills ⇒ Overdue Bills Aging Summary.
As mentioned above, if you enter a negative number for the Total Bill Amount, that represents a credit memo from the vendor. You can then include that as part of a bill payment, to offset other real bills from that vendor.
On thing to watch out for, however, is that the subsequent bill from that vendor might or might not subtract off the credit amount. If it does subtract it off, you need to either:
•Delete this credit note (in the Bill List window) and enter the new bill for the stated amount (with the credit subtracted off), OR
•Leave the credit note in and enter the new bill for its original amount (without the subtraction of the credit amount).
What if I Made a Mistake?
If you save a bill that you should not have saved, or that needs some correction, you can get back to it with Actions ⇒ Bill List window, and use the Edit or Delete button on that window to make the appropriate correction.
In addition, if you open up the register window for your Accounts Payable account, you can right-click on bills there and pick Edit Bill from the popup menu, to edit them.
Please note that if you edit a bill that has already been paid (or partially paid) there will be a warning about changing the Total Bill Amount, because obviously that would then require either changing the bill payment transaction (if it hasn't really already gone through) or perhaps making another bill payment, if the total was increased.