FastFund Accounts Payable is fully integrated with FastFund's Nonprofit Software General Ledger. The integration of the General Ledger and the Accounts Payable doesn't require separate download or linking procedures. All vendor activity is automatically posted to the General Ledger.
FastFund's Accounts Payable has the ability to do the following:
- Create a list of vendors with names, addresses, contacts, accounts payable control accounts, payment terms and 1099 information
- Record vendor invoices
- Schedule payments and print checks to vendors
- Maintain a subsidiary ledger for each accounts payable account
- Keep a vendor history of all vendor activity
- Prepare 1099s for vendors on IRS approved forms, or generate 1099s on magnetic media
FastFund allows you to keep multiple Accounts Payable control accounts, each with its own subsidiary ledger. This is useful if you want to separate vendor payables and other payables, such as client payables.
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