Accounts Payable

Manage Your Money in a Better Way.

Do you think you get the best possible value from the money and time you spend on payables? Does your paperwork and administration, on each month, become too much for managing payables?

Keeping track of your payables to your suppliers is an important task for you to maintain your goodwill. You need to have tight control over your check writing, but you would like to spend minimum time to get it done. The right way to master over payables in less time is having a good Accounts Payable software.

Accounts Payable is a unique system for recording supplier transactions and tracking supplier activity. It carries out the function of payment to suppliers effectively and neatly. You will be able to monitor your payable situation at all times.

With Accounts Payable, you can:

Have complete and flawless supplier records at all times.
Be able to enter data in both batch mode and on-line mode (with immediate update to supplier ledgers).
Get the facility to amend and print transactions before posting to supplier ledgers.
Allow partial and on account payment, advances to suppliers;
Create multiple General Ledger control accounts for cash payments and creditors/payable.
Make both prior and future period entry for supplier invoices, credit notes, debit notes and payments to suppliers.
Know which suppliers are due to being paid.
Make sure you take advantage of suppliers’ discounts.
Set priority about your payments when cash is stiff.

Reports & Inquiries you will have:

§ Supplier master information by supplier code or supplier type.

§ Transaction listing for a given account for given period.

§ Complete history of transactions for any account.

§ Supplier account balance with aging analysis based on user defined aging buckets.

§ Aged payable analysis details including period-to-date purchases, period-to-date payments, credit terms, balances, aged payables in user defined buckets or standard buckets.

§ Option to age payables based on invoice date or due date

§ Detailed creditor report

§ Full details of transactions entered during the period with outstanding balances

§ Statement of accounts

§ Summary of payments matched against supplier invoices

Integration with other modules:

§ Links to General Ledger

§ Matching supplier invoices with goods received notes

§ Links to Project Accounting

LAST UPDATED: Tuesday, August 12, 2008