Once you've placed that purchase order and the supplier has done his part, JD Edwards' Accounts Payable lets you "pay the man", along with all of the other features you need for a complete payables management system! The main features of the Accounts Payable system include:
The JD Edwards Supplier Master is an extension of the Address Book. It contains all the data you need to maintain for your suppliers, including:
The A/P system allows you to mange many different types of vouchers. Most commonly, you will process payments for vouchers created by purchase order receipts, or "standalone" vouchers entered directly into the Accounts Payable Sub-ledger. If needed, the system handles a variety of other special-purpose transactions including logged, recurring, prepayment, batch vouchers and more.
If you need to process large numbers of payments at one time with minimal manual intervention, "Auto Pay"
could be just the ticket. You have the option of generating a Cash Requirements report, or you can simply
set up the automatic payment transaction for specific vendors, date ranges, payment instruments and a
variety of other selection criteria.
If you do need manual intervention, Auto Pay lets you select individual payments from the "Payment Group" that the system creates. You may choose to partially pay, defer, or cancel the payment before submitting the transaction.
In lieu of Automatic Payments, you may decide to evaluate specific invoices before you pay them. Directly accessing the Accounts Payable Ledger allows you to individually review open invoices before payment is made.
Of course, the JD Edwards Accounts Payable Ledger is a live, interactive view of all invoices, payments and
adjustments for each of your suppliers. However, if you have a need to take a snapshot of A/P data "as of"
some particular date in the past, "As Of" reporting allows you to do this.
The system will create a "work file" based on criteria that you define. Once done, you can slice and dice data in the A/P Ledger with sorting and sequencing filters to give you the exact data that you need.
When the dust settles from all the day-to-day transaction processing, you need to know that the A/P Sub-ledger is in sync with your G/L. A variety of integrity reports exist to help you uncover and address any discrepancies before month-end close!
This is brief review of the components and processes associated with the JDE Accounts Payable module.
For more information, a 3-day course taught by JDEtips is recommended.
Learn more about JD Edwards Accounts Payable:
JDEtips University Accounts Payable Course Description
Training Manual Table of Contents and Training Manual Sample Chapter.
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