Integration of Payables with other Infor solutions

Solution	Description
Receivables	Payables vendors can be defined to have a relationship with customers in Receivables. In Payables, you can display balances between your receivables customers and payables vendors. You can also select open transactions (invoices, debit memos, credit memos, and payments) and interface a summary debit memo or credit memo into Payables for the selected amount. A Payables and Receivables Netting process also exists. Transactions that contain a vendor balance or customer balance can be interfaced for all vendor customer relationships. Transactions are interfaced as a summary debit or credit memo to the linked customer or vendor.
Payables	You can view the Receivables customer relationship and net balance information.
Asset Accounting	If you define asset invoices, then all the information required to automatically create assets from those invoices are sent to Asset Accounting by Payables.
Cash Management	Cash Management is used by Payables to update payment processing information. Bank service charges are also recorded in Cash Management.
Currency	Currency codes and exchange rates that are defined in Currency are used by Payables.
Global Ledger	Journal entry information and encumbrances are sent to Global Ledger from Payables. In addition to normal Journal Entries, Recurring Journal Entries can be set up in Payables and sent over to Global Ledger for automatic posting.
Inventory Control	Payables vendors are used by Inventory Control.
Project Ledger	Committed costs are sent by Payables to Project Ledger and a subcontractor time entry is sent back to Payables. In addition, payment information of invoices that are paid and included in a project are sent from Payables to Project Ledger.
Purchasing	Payables vendors are used by Purchasing.
Requisitions	Payables vendors are used by Requisitions when users select a vendor on a requisition.
Tax	Tax setup is required before setting up a Payables company.
Terms	You can use Terms to assign terms codes to vendors, locations, and invoices.

Receivables

Payables vendors can be defined to have a relationship with customers in Receivables.

In Payables, you can display balances between your receivables customers and payables vendors. You can also select open transactions (invoices, debit memos, credit memos, and payments) and interface a summary debit memo or credit memo into Payables for the selected amount.

A Payables and Receivables Netting process also exists. Transactions that contain a vendor balance or customer balance can be interfaced for all vendor customer relationships. Transactions are interfaced as a summary debit or credit memo to the linked customer or vendor.

Payables

You can view the Receivables customer relationship and net balance information.

Asset Accounting

If you define asset invoices, then all the information required to automatically create assets from those invoices are sent to Asset Accounting by Payables.

Cash Management

Cash Management is used by Payables to update payment processing information. Bank service charges are also recorded in Cash Management.

Currency

Currency codes and exchange rates that are defined in Currency are used by Payables.

Global Ledger

Journal entry information and encumbrances are sent to Global Ledger from Payables.

In addition to normal Journal Entries, Recurring Journal Entries can be set up in Payables and sent over to Global Ledger for automatic posting.

Inventory Control

Payables vendors are used by Inventory Control.

Project Ledger

Committed costs are sent by Payables to Project Ledger and a subcontractor time entry is sent back to Payables.

In addition, payment information of invoices that are paid and included in a project are sent from Payables to Project Ledger.

Purchasing

Payables vendors are used by Purchasing.

Requisitions

Payables vendors are used by Requisitions when users select a vendor on a requisition.

Tax

Tax setup is required before setting up a Payables company.

Terms

You can use Terms to assign terms codes to vendors, locations, and invoices.