Managing Accounting In Aplos
Common Accounting Transactions
Accounts Payable And Accounts Receivable
In this lesson, we will discuss Accounts Payable and Accounts Receivable, and provide an overview of how to record them in Aplos. For best results, log in to your account in a separate window and follow along. Don’t have an account yet? Start a free trial.
Learn some of the basics of Accounts Payable and Accounts Receivable, including:
- The difference between cash and accrual accounting methods
- When to use Accounts Payable and Accounts Receivable
- An overview of Accounts Payable in Aplos
- An overview of Accounts Receivable in Aplos
- Recurring transactions
We will cover the following topics in more detail and have noted the timestamps if you wish to skip ahead to review a specific area:
- Accounts Payable [12:22]
Track when you receive bills and make payments toward them from the Accounts Payable screen. Go to your Accounts Payable in Aplos. View the resource for Accounts Payable transactions.
- Accounts Receivable [20:09]
Create customizable invoices, record received payments, and monitor the remaining balances from the Accounts Receivable screen. You can also print or email invoices. Go to your Accounts Receivable in Aplos. View the resource for Accounts Receivable transactions.
- Aged Payables And Aged Receivables Reports [28:05]
Run reports for your aged payables, aged receivables, and more. Go to the Other Reports section of your reports in Aplos to find the Aged Payables or Aged Receivables reports. If you would like help knowing how to filter or share these reports, view the support resource for generating reports.
- Recurring Transactions [29:38]
Schedule recurring transactions to automatically post in your register or Accounts Payable. You can create recurring payables as well as receivables. The option for recurring transactions is an add-on feature in the Aplos Software Suite. Go to your recurring transactions in Aplos. View the resource for creating recurring transactions.