Accounts Payable
Accounts Payable is integrated with the GL and Purchasing Management of the Enterprise Software application suite.
- Posting of vendor invoices support 3-way match in Purchasing Management module with integration to GL
- User assigns multiple Accounts Payable, Discount and Cash Accounts to Vendor by currency and location
- Voucher Entry includes features for One-Time Vendors, Auto-duplication of Vouchers with Credit Reversal and Automatic Payment Vouchers
- Partial Payments of Vendor invoices
- Electronic Funds Transfer (EFT)
- Voucher Entry includes provision for One-Time Vendors, retrieve and duplicate functionality for standard vouchers, retrieve and reverse functionality for credit processing
- On-line posting of Voucher with immediate check processing
- Cash Management capability to release or hold selected vouchers by Net or Gross Due Dates, by vendor, or by individual voucher
- Ability to change a voucher to paid status
- Vendor Account Management with on-line inquiry by Vendor for viewing open and paid vouchers with full vendor history totals by period and by year
- User option to assign a default Account Distribution to vendor by currency and location
- Set up Automatic Payments by Vendor with optional scheduling frequencies
- Automatic 1099 Tracking by vendor, period and year with printing of 1099 statements
- Secure Check Processing - payment of released vouchers through a controlled ‘Check Run’ process with ‘Pay To’ audit trail
- Void Checks capability with automatic reinstatement of vouchers
- On-line Payment Profile for quick review of checks payment details
- On-line Inquiries for full audit of void, unused and reconciled/unreconciled checks.
- Central Vendor Invoice and Payment Controls (optional)
- Receipts for goods of materials and bills of lading from warehouse locations are matched with Vendor invoices (optional)
- Invoices of cross-country transportation or courier delivery services are part of Central Vendor Payment Control (optional)
