Hi,
I apologize if I am just being a little bit dense, but I am a touch confused between the terminology in the wiki and forums and the actual FA interface, and I want to make sure I understand before I start dabbling. Specifically from the wiki entry:
>>Best way to pay utility bill / rent:
>>Setup Supplier, use GL Items for it
I see "GL Items" referred to several times. When I navigate to Purchases=>suppliers, I can find nothing called "* Items", nor can I find a field labeled GL Items anywhere else in FA. However, I see Accounts Payable Account:, Purchase Account: and Purchase Discount Account: listed under Accounts. Is this what is being referred too? For example, to pay my phone bill, I should enter my telco as a supplier, leave the AP account as is, and change the purchase account to 5780 or whatever my telephone account in the GL is?
>>Preset the Cost Account in Supplier setup
Again, I do not find any term "cost account" when I look through the details for a supplier I have created. Does this refer to the Purchase Account under the accounts section?
>>Can also raise an order on supplier for service (Create Service Item and set it as a Service)
From what I have been reading, I believe I am obligated to create a Service Item (called "one month of telephone service" or similar) in order to create the vendor invoice. Do I understand this correctly, or can the phone bill be entered without actually creating a service item?