The accounts payable cycle begins with the entry of vouchers and invoices to authorize all payments. Invoices may be linked to purchase orders to minimize keystrokes. The user controls the timing of the check writing cycle and may selectively prevent individual vouchers from being paid. Manual checks can be written and separately identified. An extensive array of displays and reports with the ability to monitor up to 100 years of activity is supported. An imaging component is also available.
Database Management
Multiple addresses/vendor categories
Temporary vendors w/min set up
Unlimited vendor commentary
1099 Processing
Allows for correction of 1099 vendor and box numbers
Magnetic media reporting is supported
Invoice Processing
Allows for recurring invoices, credit memos, manual checks and vouchers either centrally or via department.
Optional invoice/PO matching
Reverses encumbrances as required
Check Processing/Reconciliation
Control of selection and timing of checks
Automatically post “due to” and “due from” accounts using a Treasury or Disbursement fund
Void checks and re-establish payables as needed
Check reconciliation to complete the payable cycle
