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Payable functionality tracks payments, refunds, and other adjustments in the taxes payable account.
Activating the Payable
Several system and dataset parameters can be activated to change the Payable functionality. The Payable functionality is recommended and is the system default.
Payable
| • | The Payable is a component of the Provision dataset. |
| • | Users who previously used Liability tab functionality and now wish to use integrated dataset Payable functionality must first contact the support group to ensure that data is properly migrated before the Payable functionality in the Provision dataset is activated. |
| • | If Liability tab functionality was never used, no migration is necessary. |
Payable Set-Up
| • | The payable report can be configured with set-up items in the Manage Payable section of the Administration area. |
| • | Automatic posting of the current cash provision can be activated on a dataset-by-dataset basis. |
| • | The payable data entry default limits the user to entering only activity with dates within the dataset's period. To allow users to enter items for any date, activate the Adjust Payable Date Range system parameter . When Yes is selected for the Adjust Payable Date Range, the date restriction is removed and data entry is allowed in the Payable with dates that are outside the dataset period (e.g. 2010 full year dataset would not be restricted to just entries from 1/1/2010 to 12/31/2010). |
To activate the Payable parameters:
| 1. | In the Navigator, select Administration. |
| 2. | Select System and then Manage Configurations. |
| 3. | Select Advanced Functionality and then Payable. |
Payable Reporting
There are two payable report types: Payable Rollforward and Payable Detail. Each displays payable information in a different format and has various views to further adjust the report's format.
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