One-Time Payment Account for the Reporting to the MAX

Ref.  13A

Will need to know:

1. Can a "one-time" payment generic account be set up for vendors who, in all probability, you will only be paying for services "one-time".  Example:

• ABC Locksmith who is hired to re-key a door lock.

Cougar Mtn has a procedure to handle this, Cougar calls it  PAID OUT . I don't recommend it be used for the following reasons:

1. Its as much work to pay a vendor this way as it does to add them to the vendor list.
   

2. By not adding them to your vendor list, finding them if you need to get in contact with them is much more difficult.
   

3. If you need to issue them a 1099, its not possible
   

4. From an internal control and IRS audit concern, its best to have full tracability on all your expenditures.

Having said all that, here's the procedure if you want to use this feature:

Go to Options, Module Preferences and Paid-Out invoicing, change out to display and skip

Then  go to A/P, Enter Bills menu, Enter Bills Program and set batch (if needed), and put in a check mark in the paid out.

Then fill in the address info on the Paid out Screen.

Then go back to detail and finish the screen normally.

Web Affiliates

http://A1SW.com/toc-2008.htm
http://A1SW.com/toc-2008.htm
http://ACCOUNTINGSOFTWAREDEALERS.com/toc-2008.htm
http://B2BTOTHEMAX.com/toc-2008.htm
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