The Accounts Payable module is an open item system with transactions held on the system until they are fully paid and presented and until the user nominated retention period has expired. This module provides an effective and easy-to-use system for controlling day-to-day expenses, purchases and payments. The module is based on predefined set ups for the Control, Tax and Bank General Ledger accounts. It links to the Book Production, Royalty, Shipping and Rebates sub-ledgers and interfaces to these and the General Ledger system in real time. [Read more…]
Contents
Masterfile maintenance
Invoice & credit note entry
Payment cycle
- Work with payment cycles
- Cancelled payment entry
- Prompt payment entry
- Remittance reprint
- EFT payment bank file archive
Period close
Import/export
Inquiries & reports
View available inquiries & reportsThe following Accounts Payable inquiries are currently available.
- Masterfile inquiry
- Transactional inquiries
- Master balance inquiry.
Various reports are available within the Accounts Payable system. Some of the main reports are.
- Creditor Analysis Reports
- Creditor Transactional Reports
- Cash Payments Analysis Report
- Cash Requirements Reports
- Monthly Payment Register
- Outstanding Invoices/Payables Reports
- Trial Balance Reports
- Exchange Gains/Losses Reports
- Unrealised Gains/Losses Report
- Future Dated Payments Reports
- Tax reports
A/P Audit trail that is run from the A/P End of day can also be run from a menu option. When run from the menu it will only print the transactions for the company that the user belongs to, thus allowing different regions to print their own audit trail.
