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.
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.