Accounting & banking · 5 min read

Vendor payments, credits, prepayments and A/P aging

Record and correct supplier payments, credits and unapplied funds without double-posting or changing stock incorrectly.

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Know which financial event you are recording

A purchase order records buying intent and receipt evidence. A vendor bill recognizes an obligation, and a vendor payment records money already paid through a bank or external payment channel. Recording a payment in SwapTrak does not actually transfer money. Credits and prepayments are different from purchase returns, which change physical inventory.

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