This tutorial will show how to handle Supplier and Utility Payouts. This is continuation of my previous Method K tutorials.
DISCLAIMER: This is setup to use the Bank Account as the primary source it is not setup for paying out of Drawer. See Expenses and Payouts Method K: Bank Deposits for explanation of the Bank Account setup.
Overview of the process flow:
Create the Account Type:
Create the Accounts:
Create the Account Screens:
Supplier Account Screen Setup:
Utilities Account Screen Setup:
Create the Transaction Types:
Supplier Transaction Type:
Utilities Transaction Type:
Create the Document Types:
Supplier Document Type:
Utilities Document Type:
Don’t Forget to Choose Batch Create for each Document Type:
