GnuCash has an integrated accounts payable system. As with Accounts Receivable
you must have an Accounts Payable account set up under
Liabilities for each currency in which you will issue invoices. The
Accounts Payable accounts accrue the amounts you owe to others, so
bills credit these accounts and payments and credit memos debit these accounts. Generally
you do not directly work with this account but use the four integrated GnuCash A/P application
components. The A/P components are available from the
→
sub-menu.
These A/P components are:
Vendors are people or companies from which you buy products or services on credit.
Bills represent the physical bills vendors send to request payment from you. A bill contains an itemized list of things you purchased.
Jobs (optional) is where you register Vendor Jobs. Jobs are mechanism by which you can group multiple bills from a particular vendor.
Process Payments is where you register payments to a vendor to whom you owe money.
The following sections introduce the individual Accounts Payable application components.