Information Systems:Auditors - Accounts Payable

Go to InfoNet / Finance Summarize/Extract A/P Transactions.

An account balance can be calculated for any period by summarizing all transactions up to that point. Note that the 'Remaining Amount' on this display is only correct for the current moment.

Key in a starting fiscal period that is older than any accounts payable transaction, and for ending period, the period for which you want the balance. Summarize by supplier (we are not using 'payee'). Click on the search button.

The total 'Original Amount' should agree with the G/L.