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In this video tutorial, we learn about payables payments, including pre-payments and adjusting payments. To record a payment to a supplier, we select payables and go to payments, then choose the supplier. The tutorial demonstrates paying Imperial Oil, showing outstanding invoices and how to apply discounts. We can also reach the payment screen by selecting the supplier and choosing pay invoice. The payment is recorded on March 31st, and we can choose the bank account for deposit. If there is a discount available, we click on the discount column to apply it and reduce the amount owing.