Answer / haresh

The liability account is primarily picked from the supplier
site. If no liability account is defined at the supplier
site then the system shall search for the same in the
supplier header. If the liability account is not found in
the supplier header also, then the system shall pick the
same from the financial options. However, this can be
overridden at the invoice header.
(Note - In the inovice header, this field is hidden.)
Hence, the liability account is picked in the following
order -
Invoice Header > Supplier Site > Supplier Header >
Financial Options

Answer / arun raj

Payables > Setup > Options > Financials
You can define the Liability Account here.

Answer / arun raj

Payment Process
1. Select Invoices
2. Build Payment
3. Format Payment
4. Confirm Payment

These are the four steps in Payment Processing

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