Supplier Payment <SP>

This Supplier Payment function is used for entering a payment to a Creditor that has had a Purchase Invoice <PI> previously entered into Concord.

When the Purchase Invoice was entered, the relevant expense account and GST was debited. A Supplier Payment is paying the creditor through the Bank Account, the automatic journal entry after processing being:

Debit Creditor

Credit Bank A/c.

The Supplier Payment function also allows allocation of a payment to specific invoices.