Payable Types: Subcontract

Specify the default payable type (set up in AP Payable Types) for subcontract transactions. If you are not using the payable categories feature (above), this pay type defaults when posting subcontract transactions. If you are using pay categories, this pay type is only used if a default pay category has not been specified in AP Company Parameters, F3 Properties, or VA User Profile.

This payable type determines the AP GL Account to credit when the invoice batch is posted, and to debit when it is paid.

Note: It is suggested that a separate pay type be set up for subcontracts even if you do not have a separate GL account for Subcontract Payables. Pay types are also used when selecting invoices for payment in AP Payment Posting. If you pay subcontractors under a different schedule than other job payables, this will allow for separate payment selection. It is particularly useful if paying subcontracts on a “pay when paid” basis.