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NSC | How to record outstanding payments without entering the transactions?

edited Jul 13, 2023 5:36AM in Accounting / ERP

There are situations when payment for small purchases need to be made, but for which no bill exists to support the payment.

In these situations, you have possibility to create a following transactions:


Solution A:

  • Create a Journal entry in case you are not expecting to receive the Bill. See bellow detailed steps:
    • Navigate to Transactions -> Financial -> Make Journal Entries
    • Set all necessary fields including the following:
      • Journal Lines: Name - this would be the name of the Vendor
      • Journal Lines: Account - set Accounts Payable Account so then you will be able to pay this transaction
  • Apply Payment to our

Katerina Winklerova

Basic Accounting/ OTC/PTP Guru


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