Accounts Payable - Checklist

Below is a short checklist of questions that should be considered before using the Accounts Payable module:

• Is 1099 tracking required? (USA only)

• Does the company operate in more than one currency?

• Will the invoice registry be used? If so, how are registry groups and approvals to be defined?

• Are invoice series codes going to be used? If so, will they be mandatory?

• Are check handling codes required?

• What are the tax codes required by this company?

• Should tax be calculated on gross or net amounts?

• Is there a defined numbering system for business partners or will the system number them automatically? Has this been documented?

• Are one-time business partners required? If so, what codes will be used?