Account type: Payable

Account type Payable marks an account as the one that holds money you owe suppliers, and every posting to it must carry a party. That rule lets BRAccount keep a balance per supplier: the Accounts Payable report ages each bill by due date, the General Ledger can be filtered by supplier, and a Payment Entry of type Pay can list that supplier's open bills. Creditors - YFF is the single payable account in the demo chart and the company default, so each Purchase Invoice credits it and each Pay entry debits it. The balance should equal the total of unpaid bills; if it does not, a Journal Entry was posted to it without a party and must be corrected.

Creditors balance = Opening + Purchase Invoice payables - Payments - Debit notes; demo: Rs 40,000 + Rs 1,00,000 = Rs 1,40,000

1. 01Go to Accounts Setup > Chart of Accounts and expand Liabilities > Current Liabilities > Trade and other payables.
2. 02Open Creditors - YFF; Account Type shows Payable and Root Type shows Liability.
3. 03Go to Accounts Setup > Company and confirm Default Payable Account is Creditors - YFF.
4. 04Submit a Purchase Invoice; its payable amount credits this account against the supplier, as below.
5. 05Open the account, click View Ledger and group by Party to read each supplier's balance.
6. 06Open Financial Reports > Accounts Payable to see the same balances aged by due date.

Set on Creditors - YFF in the Chart of Accounts; it is the company default payable account.

Creditors - YFF shows Rs 1,40,000 owed to Market mind investment group from ACC-PINV-2026-00004 and 00005.