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PAYMENT TO SUPPLIERS
What is Payments to Suppliers?
Payments to suppliers refer to the funds disbursed by a company or organization to its suppliers in exchange for goods delivered or services rendered. These payments typically occur as part of the procurement process, where suppliers provide goods or services based on agreed terms and conditions, and the buyer compensates them accordingly. Payments to suppliers can be made through various methods such as electronic transfers, checks, or wire transfers, depending on the agreement between the parties involved. Efficient management of payments to suppliers is essential for maintaining positive supplier relationships and ensuring the continuity of the supply chain.
- STEP 1: Go to back office
- Select Purchases Module
- Select Payments to Suppliers
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- STEP 2: Select the supplier
- Select the Invoice
- Input the amount of payment based Invoice
- Input in the Memo the Details
- Enter Payment
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