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 Accounts Payable Minimize
Accounts Payable

Accounts Payable Module

General

  • 6 digit vendor number
    • User defined so you maintain your current numbering scheme
    • or sequentially assigned by the system

Invoice processing

  • unlimited account distributions per invoice
  • unlimited associate charge backs per invoice
  • vendor validation with name display
  • associate number validation with name display
  • account validation with name display
  • complete audit trails with batch totals
  • process invoices for a new month before closing current month
  • check for duplicate invoice numbers for the same vendor
  • on-line inquiry by vendor name or vendor number
  • recurring invoices
  • vendor 1099

Check processing

  • batch check processing
  • single check processing
  • automatic payment of invoices based on due date
  • discounts taken automatically if paid by due date
  • secondary check printer dedicated to printing checks (helps eliminate manual checks)
  • MICR check capability
  • vendor history reporting
  • process checks in a new month before closing current month

Interfaces

  • automatic posting to Associate Ledger for agent charge backs
  • automatic posting to General Ledger for expenses
  • automatic posting to REO/Relo properties for client charge backs

Reports

  • cash projection report
  • aged accounts payable
  • monthly check register
  • vendor history
  • accounts payable reconciliation report