• Registered: 04/16/2010
  • Posts: 3

Topic: Payments to Suppliers and zero total costs

I have entered a batch of 'Payments to Suppliers' from the Petty Cash account.

When I view the Allocate Supplier Payments I can see a note 'There are no unsettled transactions to allocate.'

However:

When I produce a P&L report from
Banking and General Ledger
-> General Ledger
-> General Ledger Report Class
-> Profit and Loss Statement

The P&L report shows 0 total costs, rather than the Payments to Suppliers total. 

I assume I am just missing a simple step but so far haven't found the answer.

  • joe
  • Administrator
  • Offline
  • Registered: 03/15/2007
  • Posts: 5,107

Re: Payments to Suppliers and zero total costs

Payments to suppliers don't create any costs (unless there are bank charges or discounts). You are paying from a bank account and you are debiting the Accounts Payable account, which is not presented in the P&L statement. You will see those transactions in the Balance Sheet under the period.
The costs are taking when the delivery is done for items and when the supplier invoice is done for services.

/Joe