How AP integration works with your accounting software.

cieTrade AP Integration Model Simplified

1. Posted vouchers in accounting DB Accrued Payables CR A/P

EX: Post Bill for $1000             Accrued AP = 1000

(this reduced the balance of accrued payables)

2. At month-end: The Closing adjustment report shows all “recognized” or “accrued” expenses that occurred in the period (including some already posted to accounting)

EX: We have $2500 in accrued expenses in the period. (of which $1000 was posted to accounting  [above] )

3. The Closing report provides a journal which is DB Expense accounts and CR Accrued Payables (this increases the balance of accrued payables)

4. After posting:  The balance of the accrued payables account in accounting should match the open payables report

EX: When the voucher or bill was posted the accrued payable balance was effectively -1000

5. After posted the closing entry the balance is +1500

That “should” match the balance of the open payables report in cieTrade.

If you have additional questions, please contact the Support Team via email to support@cietrade.net.