CREDITOR TRANSACTIONS Menu: Transaction Processing

Invoices and credit notes from suppliers can be processed into your Creditors Ledger in two ways:

• directly from within MCL as described in the following sections of this manual
• via the Micronet Distribution System (MDS) when receiving products from suppliers (or returns) via the Goods Received or Import Costing modules.

Using MCL, you use the Creditor Transactions menu to enter creditor transactions in batches. As the transactions are entered into the batch, the creditor account details are updated straight away. However, the General Ledger is not updated until the batch is printed.

These batched transactions include:

• invoice batches for non-stock or non-job suppliers, such as electricity, rent, etc. - refer to "Creditor Transactions - Invoices"
• credit note batches for both stock/job creditors and non-stock/non-job creditors - refer to "Creditor Transactions - Credit Notes"
• journal batches for both stock/job creditors and non-stock/non-job creditors - refer to "Creditor Transactions - Journals"
• manual payments for one-off payments to creditors for selected invoices - refer to "Creditor Transactions - Manual Payments"
• automatic payments for automatic or semi-automatic payment of creditor invoices - refer to "Creditor Transactions - Automatic Payments"
• reversals of creditor payments - refer to "Creditor Transactions - Reverse Payment".
• importing stock creditors' invoices entered in the MDS Goods Received program to MCL - refer to "Creditor Transactions - Import Creditors From MDS".

You can also perform the following tasks relating to creditors:

• place selected creditors and/or selected invoices on hold, or change the due dates on invoices - refer to "Creditor Transactions - Hold Invoices/Change Due Dates"
• create or print a register of used and unused cheques - refer to "Creditor Transactions - Cheque Register".