Accounts Payable

The accounts payable module has several features that give you incredible flexibility in your accounts payable needs.

• Multi-company/department Operations - you are able to set up multiple companies with different costs centers or departments, and produce reports on any level. Inter-company payable transactions can be automatically generated, to save time and increase efficiency.
• Accounting Interfaces - This product can interface with the general ledger using system sub-journals. You can post in different levels of detail to the GL, and control the posting frequency of journals to the GL.
• Automatic Default Terms Definition - This product allows you to enter and apply standard cash discounts from vendors for payments made within existing payment terms. Unless otherwise specified, the discount percentage used is based on your vendor's term codes. Term codes can be used to calculate the due date and discount date of an invoice. All discount dates and due dates can be overridden when entering vouchers.
• Check and Bank Reconciliation - The system will put all check numbers entered in Accounts Payable into a reconciliation file. This software has the ability to clear checks that have been paid and appear on the bank statement. Finally, you will be given the ability to view information on all checks, outstanding or cleared)