Accounts Payable

Early payments, subcontractors paid too early, missed discounts, and late fees all contribute to inflated expenses and lost opportunity costs. The Accounts Payable module furnishes the tools and information required to obtain the most value from each and every dollar spent. This module also provides valuable job costing information and adds multi-national currency support to your enterprise.

Features:

• AP Journal
  • Automatically vouchers Purchase Orders
  • Easily add shipping and handling charges
  • Create credit memos
• Proactive Cash Flow Control
• Pay-when-paid management
• Cash requirements planning
• Custom AP Terms
• Subcontractor Control:
  • Paid-when-paid terms selectable for sub-contractor invoices
  • Insurance Certificate control.
    • Expiration notices automatically sent via ReportAnywhere
    • Block payments if insurance is expired
• Real time information displayed in vendor record:
  • Most recent items/prices detail
  • Rolling three year summary
• Positive pay/issued reporting
• Supports manual or system accounts payable checks
• Cash Requirements reporting: current, future, past due, and retainage
• Vendor Paid History reporting by vendor, PO number, effective date, or invoice
• Supports retainage and partial payments
• Simplified check voiding process
• Increased efficiency in day-to-day operations
  • Automated bill payment processing
  • Supports ACH
  • Automated PO vouchering
  • Eliminate
    • Early payments
    • Missed discounts
    • Late fees
• Multi-National currency support
  • Automatically voucher and reimburse foreign vendors in their currency
  • General ledger maintained in corporate currency