Accounts Payable Overview
The Accounts Payable system provides for the creation and maintenance of Vendor Accounts. This includes the necessary addresses, payment discount rate and accounting information.
It also provides for the entry of invoices, distribution of purchase amounts to inventory and other expenses, payment of invoices and tracking of purchase and payment history.
We record, not only the date and amount of the invoice, but also the date the invoice must be paid, and any payment discounts available. This allows you to see amounts of money that you need now, next week, or further in the future.
You can retrieve invoices for payment based on due dates and pay partial amounts if desired. We also print all the necessary journals, history reports, and checks.
Finally, all Accounts Payables activity can automatically be sent to the Accounting system.