Accounts Payable

Proper management of Accounts Payable can increase profitability, prevent costly errors and save time. The high speed, user friendly data entry programs perform on-line verification of all input, thereby reducing the possibility of errors, preventing duplicate payments and insuring accurate General Ledger data. Cash requirements can be analyzed in minutes, allowing you to take advantage of available discounts.

Extensive inquiries provide immediate access to vital vendor information, including a detailed invoice and payment history. Complete integration with the DAPREX Purchasing, and General Ledger applications supplies the necessary links to ensure accurate data flowing across the database.

• Multi-corporate, divisional, departmental and job structure
• Concurrent period processing
• Immediate posting to the General Ledger
• Powerful check writing capabilities
• Check reconciliation
• Instantaneous retrieval of vendor data via inquiries
• Aged accounts payable by vendor
• Detailed invoice and payment ledger
• Drill down to PO receipts as applicable
• 12 month purchase and discount history
• Check history
• Vendor 1099 reporting and forms
• Automated inter-company accounting and distribution of expenses
• Transaction modification to open period transactions
• Purchase Order# reporting sub-system
• Security module limits access by user/menu option
• User/Entity security at Corp/Div/Dept/Job levels

• Simplified data entry provides single entry update to related files
• On-line batch control totals and verification of all vendor data
• Predefined vendor defaults - division, department, job, expense account, payment terms, discount percentage
• Duplicate invoice and hand check detection
• Simultaneous entry for multiple accounting periods
• Unlimited expense distributions per invoice
• Invoice temporary hold, pay immediate, or permanent hold status
• Inter-company assignment of payables
• Automatic allocation of expenses according to predetermined percentages
• Recurring accounts payable entry - variable frequencies
• Invoice comment entry
• Hand disbursement entry
• Void check procedure
• One-time vendor name entry for hand disbursements
• Temporary vendors for computer checks
• Quick-check processing
• Check Processing
• Optional selection by cutoff due date
• Partial and on-account payments
• Electronic payments
• Multiple checks per vendor as requested
• Multiple remit-to addresses per vendor
• On-line payment selection
• Check reprint capability
• Check reconciliation sub-system
• Comprehensive vendor inquiries
• Accessible by vendor #, name, invoice # and check #
• Vendor open invoices
• Aged accounts payable
• 12 month vendor purchases and discounts history
• Detailed check history
• Purchase and Disbursement Journal inquiries
• Flexible month end closing
• Preliminary reporting
• Accrual sub-system

REPORTING

• Vendor Master Lists
• Open Accounts Payable reports
• Detail and summary listings
• Current open invoices or due date cut off selection
• Cash requirements
• Month end A/P schedule
• Monthly Purchase and Disbursement Journals - detail and summary
• Monthly check register
• Detailed vendor ledger history
• 12 month vendor activity
• Check reconciliation listings
• Vendor 1099 forms and reporting
• Accounted/Unaccounted for checks