Accounts Payable Overview:
The Accounts Payable Package places great emphasis on insuring thoroughness, accuracy and flexibility to the user in recording commitments of the company. It offers management the ability to know what cash requirements the company will be faced with at any future date.
Accounts Payable Features:
- Ability to enter partial paid or full paid manual and prepaid checks Vendors can be accessed by Name or Vendor Number
- Supports multiple companies and/or branches (i.e., Profit Centers)
- Accrual method of accounting
- Ease of setting up vendor, inquiring and adjusting data contained within the system
- Ease of entering, inquiring into and adjusting vendor invoices
- Optional use to enter in summary description for each invoice.
- Ability to inquire into vendor accounts via Screen
- Ability to enter partial paid or full paid manual and prepaid checks
- Automatic calculations and deductions of vendor terms discounts
- Automatic generation of recurring payables (rent, etc.)
- Automatic selection of invoices for payment, with manual override
- Ability to “hold” or defer payment on selected invoices
- Provision for partial payments for computer generated check run
- Optional use of A/P Check Reconciliation
- Optional use of Job Numbers
- Provision for multiple cash accounts
- Integrates with General Ledger
Accounts Payable Reports:
- Vendor Invoice Proof Listings
- Cash Requirements Report by Due Date
- Cash Requirements Report By Vendor
- Aged Accounts Payables Report
- Accounts Payable Journal
- Pre-Check Writing Report
- Check Writing (Laser Checks with Optional Laser Check Signature)
- Check Register
- Cash Disbursements Journal
- Vendor History Report
- Vendor Analysis Report
- Vendor Listing