Payable is the key to providing professional
cash disbursements and planning management,
coupled with great service to your valued vendors.
With Accounts Payable, you will enter and maintain
all your accounts payable records, approve
vendor invoices for payment, issue checks and
generate a variety of online management reports
When your company receives or rejects material
on an open purchase order, the system generates
a detailed receiving record which will help
inform the manager whether the subsequent
invoice is valid or discrepant. Accounts
Payable allows you to create an invoice payment
schedule to optimize cash flow. All vendor
invoices can be placed on hold at the time
of entry, pending authorized approval, or
automatically set up for payment within terms.
With Accounts Payable "drill down" feature,
all of the historical and transaction detail
you'll ever need will be at your fingertips,
a point and click away.
Payable will let you:
- Generate automatically a complete set
of journal entries to the general ledger
for all purchases and re-occurring payables,
cash disbursements and debit memos processed.
- Set up multiple selection parameters
for invoices to be paid, including set
pay days, discount days by vendor or total
cash amount to be disbursed.
- Match and approve all purchase receipts
to assure accuracy of the vendor invoice
and verify that the items were received
- Produce a receiving report of all items
received yet not invoiced by the vendor,
making your periodic reconciliation easy.
- Summarize all checks written and processed,
through an electronic or manual bank reconciliation
procedure each month.
- Set up distribution tables for recurring
payables, to streamline and assure the
accuracy of posting monthly payables such
as your power and phone bills.