Expense Transaction Overview

Expenses (also known as Accounts Payable) General Ledger transactions are created each time an expense invoice is processed, a vendor payment is entered, or an expense journal is posted. These general ledger transactions are stored in a temporary expenses transaction file until they are posted.

Vendor history, inventory history, and general ledger values are updated when the transactions are posted to the general ledger. History totals are only altered by transactions being created and posted. These transactions can be viewed by right-clicking on vendor, inventory, or general ledger history totals. Note that vendor, inventory, and general ledger history reports will not reflect transactions that have not been posted. Review the Financial Transactions section for more details on general ledger transactions.

Go to the Expenses section of the EBMS main menu to see the types of transactions included in this module: