[shawnl112]

In F9 Transactions and Events of Financials,

A pass key indicates that the timing of expenditure recognition is consistent with accrual accounting and is governed by when the voucher payable is recorded. The modified accrual basis of accounting does not delay the expenditure until the cash payment is made.

My question is why is voucher payable used instead of an account payable?
Or when do we use voucher payable? when do we use account payable?

[DoubleBogey]

Vouchers payable doesn't aggregate purchases based off of account. So there is not customer balance, it's just a bunch of PO's floating around. Accounts payable is the common Company A owes this much from all of these purchase orders. It just depends on the question as to what is used. You don't have to decide which one to use.

AUD - 92
BEC - 89
FAR - 79
REG - 84

"I press on to reach the end of the race and receive the heavenly prize for which God, through Christ Jesus, is calling us." Philippians 3:14

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