Page 27 - Participant Guide - Unanet GovCon Using Accounts Payable

LESSON 4 ACCOUNTS PAYABLE REPORTING

Learning Objectives

• Determine which Accounts Payable reports to use to ensure accurate transaction
processing (AP Aging and AP Activity)

Introduction

Navigate: Reports > Dashboard > Financials > Accounts Payable

Accounts Payable represents the amount of money owed by a Company to its creditors.
This amount is recorded as a liability on the Company's balance sheet and should be
reconciled periodically to account for items recorded through Financial Documents other
than Vendor Payment and Vendor Invoice document types.

Accounts Payable Aging Report - shows the amounts currently payable to vendors
(including the number of Days Past Due) for vendor invoices (net of payments and
adjustments applied to the invoices).

Users have the option of specifying a fiscal period as of which to run the report should
they desire to tie a balance back (per the AP Aging) to the balance in the General
Ledger, as of the end of a particular fiscal period. When no fiscal period is specified the
aging will reflect all posted activity.

Accounts Payable Activity Report - shows a listing of Vendor Invoices and Vendor
Payments for the specified reporting range. Options exist to include invoices and/or
payments, and the results can include details or display vendor totals only. Report can
be run to include only Payments which will create a Cash Payments Report.

Vendor Invoice Status Report - shows the status of a Vendor Invoice (VI), the
document amount and balance, and if any invoice is pending approvals and by whom.

LESSON 4 ACCOUNTS PAYABLE REPORTING
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