A/payable A/receiveable definitions interchanged ?
Conrad Canterford
conrad at mail.watersprite.com.au
Thu Jan 23 07:58:31 CST 2003
On Thu, 2003-01-23 at 06:05, Richard Leopold wrote:
> The documentation (help) says:
> > Accounts Payable are used by businesses to record sales for
> > which they are not immediately paid.
>
> > Accounts Receivable records bills that businesses have received,
> > but might not pay until later.
As you suspected, the definitions above are reversed. Thank you for
pointing that out, and I'm sure it will now be fixed.
Conrad.
--
Conrad Canterford (conrad at mail.watersprite.com.au)
Water Sprite Pty Ltd | url - http://www.watersprite.com.au/
GPO Box 355, | - Australian Tour and Event Management (ATEM)
Canberra, ACT 2601 | - Ticketing Division.
Mobile: +61 402 697054 | - Catering Services Division.
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