Use this screen to post payments of vouchers to the general ledger.

This process debits the A/P liability account/organization for each voucher that was paid. The offsetting credit entry is to the cash account/organization for which the check was printed. The period is assigned to the check, and the Check History tables are updated when the check is printed.

You can eliminate a voucher from the Print Open Accounts Payable Report screen if the net amount due for a vendor is zero. To do so, start by selecting the vouchers for a check run. Costpoint assigns a check number based on the zero balance check range you set on the Manage Company Bank Accounts screen. No check will print, but the vouchers will no longer display on the Print Open Accounts Payable Report screen.

Post the checks that are printed to the general ledger in any given accounting period before beginning the closing procedures that produce the financial statements. You can post them as they are printed or at the end of the month.