GnuCash has an integrated accounts
payable system. As with Accounts Receivable
you must have an Accounts Payable account
set up under Liabilities for each currency
in which you will issue invoices. The Accounts
Payable accounts accrue the amounts you owe to
others, so bills credit these accounts and payments and credit
memos debit these accounts. Generally you do not directly work
with this account but use the four integrated
GnuCash A/P application components.
The A/P components are available from the
→
sub-menu.
These A/P components are:
Vendors are people or companies from which you buy products or services on credit.
Bills represent the physical bills vendors send to request payment from you. A bill contains an itemized list of things you purchased.
Jobs (optional) is where you register Vendor Jobs. Jobs are a mechanism by which you can group multiple bills from a particular vendor.
Process Payments is where you register payments to a vendor to whom you owe money.
The following sections introduce the individual Accounts Payable application components.