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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