Overview
ACCOUNTS PAYABLE:
Features:
- Ability to process in
more than one period (new month while old month is not closed)
- Completely integrated
with the General Ledger
- Purchase Journal
Report
- Open Accounts Payable
Report
- Aged Open Accounts
Payable Report
- Cash Requirements
Report
- Multiple Payment
selections as follows:
·
Pay: only invoices that have a discount available
·
Pay: all invoices that are due by XX/XX/XX
·
Pay: individual invoices
- Payment Register with
the ability to make corrections before printing checks
- Ability to put a
“hold” on disputed invoices
- Credits are
automatically deducted before printing that vendor’s check
- Accommodates “expense”
and “one time” vendor checks
- Handles manual “hand
written” checks
- Check printing with
payment voucher listing
- Check Register and
General Ledger Distribution Report
- Monthly check register
- Vendor Inquiry
- Automated Reoccurring
charges (such as rent) (optional)
- Multiple Bank Accounts
(optional)
- Bank Reconciliation
report (optional)
- Accrual and Automatic
Accrual Reversal (optional)
Benefits:
- Not having to close
the current month before entering data in a new month
- Significant Savings in
the preparation of Vendor checks and preparing the subsidiary report (i.e.,
General Ledger Distribution)
- Better accuracy in
preparing these reports
- Savings in accounting
services (the computer, not your accountant prepares detailed reports)
- Reduction in accounts
payable expense by the ability to maximize your cash flow and still take
advantage of vendor discounts
- Help to prevent
invoices from being paid twice
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