[GNC] Should one use Accounts Payable if a vendor is paid immediately ?

[Dr. David Kirkby]

On Sun, 27 Nov 2022 at 20:43, David Cousens <davidcousens49 at gmail.com>
wrote:

>
> David,
>
> Accounts Receivable and Accounts Payable are really intended for the
> situation
> where the vendor is extending credit to you or vice versa. It's main
> advantage
> is as a tool to manage what is owed to you and what you owe to maintain
> cash
> flow.
>

Yes, I thought that was the purpose, which is why I thought they were not
appropriate if paid immediately.

If you receive payment immediately all you need is to create a transaction
> debiting your relevant bank account and crediting the appropriate income
> account. If there is some external record you can use the ability to
> associate
> an image file of it with the transaction.  Similarly if you pay a vendor
> immediately you can simply create a transaction crediting your bank
> account and
> debiting the appropriate expense account and associate an image of the
> receipt
> with the transaction.
>

How would I do that? If I go to Business -> Vendors -> Vendors Overview
I can see the list of vendors, but don't know how to process a transaction
that pays them directly.


>
> David Cousens
>