How Are The Pay Bills Columns Calculated
| Document Version | v.4 |
|---|---|
| Document Last Updated | 11/27/2023 |
| Software Version Documented | v.9.9.2 |
How are the Pay Bills columns calculated?
Navigate to Accounting>Accounts Payable>Pay Bills.
It is first important to note that you can filter by Age Date Basis, which means whatever radio button you choose, i.e. Due Date, that is the Date reflected in the Age Date column.
On the Pay Bills tab under Accounts Payable (in the Accounting Manager), all the bills that have been previously entered into Savance Enterprise will be displayed. There are several columns that display a dollar amount. The purpose of this knowledge base article is to explain what they mean and how they are calculated.
## Credit Available
- This value indicates the current balance of the vendor's credit.
Credit Applied
-
This is the amount of vendor credit that has been applied to this particular bill. Since the bill has already been created, this amount has already been deducted from the vendor's credit available balance. Credit can be applied to the bill. The screenshot shows where.
Original Balance
-
The original balance is the sum of subtotals, freight, misc. charges, sales taxes, and adjustments. All this information is from the bill itself. Please note, the discount amount and the credit applied is NOT taken into consideration with this balance. Refer to the screenshot to see exactly where this information can be found on the bill.
Amount Due
- The amount due is the calculated original value balance minus the discount amount. Please note, the credit applied is NOT taken into consideration with this balance. The discount amount can also be found on the bill. The screenshot shows where.
Balance Due
- The balance due is the amount due minus the credit applied. Furthermore, if any partial payments have already been applied to this bill, then they are subtracted from this amount to reflect the remaining balance. If any previous payments exist, the sum is shown on the bill. The screenshot shows where this value is found.
Amount To Pay
- You key in the amount you are paying on a bill in this box. You can enter either a whole or partial amount.
