Immediate Payment Processing
Use immediate payments for bills that are already paid or bills that are being paid when you enter the invoice. These transactions credit the cash account instead of a payables account.
Example: Why would I want to immediately process this payment?
Perhaps you work in an office and you need to pick up instructional books from a local bookstore for a new software your organization uses. You know the books are in stock and you intend to go pick them up, with payment, later today. Most likely you would want to process this payment immediately and print the check at the same time you enter the bill into the system.
Published date: 12/03/2021