Iptor IP1 Knowledge Portal

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…]

Masterfile maintenance	Creditors & contacts Tax codes Tax categories Expense amortization accounts
Invoice & credit notes	See Invoice & credit notes
Payment cycle	Work with payment cycles Cancel cheque payment Prompt payment entry Remittance reprint Cash requirements reprint – this allows you to re-print cash requirements report for a closed payment cycle. The report lists all the payments sorted by creditor account number or name for the selected cycle in a summary or detailed format. EFT payment bank file archive
Period close	End of day End of month processing Exchange rate maintenance
Import/export	Import AP invoices
Inquires	The following Accounts Payable inquiries are currently available. Masterfile inquiry Transactional inquiries Master balance inquiry.
Reports	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 Report Outstanding Payables Report 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.