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Account — Accounts payable

In Manager, the Accounts Payable account is a built-in account used to track amounts owed to suppliers. You have the option to rename this account to better suit your accounting preferences or organizational terminology.

Accessing the Accounts Payable Settings

To rename the Accounts Payable account:

  1. Go to the Settings tab.
  2. Click on Chart of Accounts.
  3. Locate the Accounts Payable account in the list.
  4. Click the Edit button next to the Accounts Payable account.

Editing Account Details

When you click Edit, you will be presented with a form containing the following fields:

Name

  • Description: The name of the account.
  • Default: Accounts Payable
  • Action: Enter your preferred account name if you wish to rename it.

Code

  • Description: A customizable code for the account.
  • Action: Enter a code if desired for easier reference or sorting.

Group

  • Description: The group under the Balance Sheet where this account will appear.
  • Action: Select the appropriate group to classify the account correctly in your financial statements.

Cash Flow Statement Group

  • Description: The group under which this account will be presented in the Cash Flow Statement report.
  • Action: Choose the relevant cash flow statement group to ensure accurate reporting.

Saving Changes

After updating the necessary fields:

  1. Click the Update button to save your changes.

Note: The Accounts Payable account cannot be deleted. It is automatically added to your Chart of Accounts when you create at least one supplier.

Additional Information

  • Suppliers: For more details on creating and managing suppliers, see the Suppliers guide.