| From within the Accounts Payable module, you can enter
bills, print checks, track expenses, and determine cash requirements.
Data entry is made easy by the use of vendor and account master files which
may be maintained from within this module. |
|
Overview of the Payables Process
 | Payable transactions are introduced from the "Enter Bills/Vendor Invoices"
screen. Once the vendor has been selected, vendor-specific information
is automatically transferred into the appropriate fields on the screen.
This way, most information needs only to be entered once, then re-used every
time the bill recurs. |
| You may then save the bill as an open payable, or print a check
immediately. Either way, all appropriate accounting journals are
automatically updated. |
| With the open payables, you have complete control of which bills to pay,
whether you wish to issue a partial payment, and which bills to leave
outstanding. |
Other Noteworthy Features
| Checks are tracked by check number including both printed and voided
checks. You may quickly determine missing check numbers from the check
register report. |
| All vendor account information is available from a single screen showing
open payables, running totals, and balanced journal entries. |
| For contracted employees, you may print a 1099 report, or the 1099 forms
themselves. |
Summary of Reports
| Check Register |
| Expense Reports (Analysis by Vendor and by Account Number) |
| Pending Checks Report |
| Open Payables Report |
| Cash Requirements Report |
| Payables Aging |
 
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