▪️Payables

Stay on top of what's owed. Our Payables Page gives you a clear view of pending payments, amounts due, and payment history to manage creditors effortlessly.

Payables

Payables are amounts your institution owes to other people or companies (creditors). You can register a payable when you have an expense that has not yet been paid.

How it works

• When registering a payable, you select the Creditor and the Affected Expense Account from your chart of accounts.

• You only need to add a creditor once — after that they can be selected from the list each time.

• You also fill in the amount payable, payment date, reference number, and any comments.

Clearing a Payable (paying it off)

When you finally pay the creditor, clearing is done under Accounting → Register Journal Entries. You search for the same payable account you registered earlier and record the amount paid.

Reversals

If you registered a payable by mistake, you can reverse it:

• Scroll to the far right of the payables list

• Click the three dots (⋮)

• Select Reverse

• Once the approver approves, the payable is marked with a red strike-through line, meaning it has been reversed.