Purchasing
Purchasing captures accounting information on requisitions and purchase orders. Purchase orders are sent to suppliers who respond by delivering goods or services and sending invoices that are processed in Payables. During the accounting period, accruals for goods set to accrue a liability on receipt are sent to General Ledger. At the end of the accounting period, accruals for goods and services set to accrue a liability at period end can be sent to Subledger Accounting and then transferred to General Ledger. Any suppliers set up in Purchasing are shared with Payables and vice versa.