In this chapter, we reviewed how suppliers are managed in Payables. We also walked through how transactions are created, how the new payments system is configured, and how payments are transacted. We also looked at an overview of AP-AR netting functionality.
In the next chapter, we will review fixed assets. We will discuss Asset Books and Tax Books. We will review how transactions are performed and how to create assets and how they are managed with adjustments, retirements, sale, and other transactions that are processed within the Asset system. We will also briefly cover how to manage accounting changes for specific transactions.