Accounts Payable Software
The Accounts Payable software tracks vendor invoices and payments.
- Multi-currency and multi-bank
- No monthly closing of the accounts payable required
- Intelligent Payment Management maximizes cash flow
- Handwritten or computer printed cheques
- Open Payables report, Aged Payables reports and much more...
When setting up vendors you specify the currency, thereby setting the currency for their invoices. The Open Payables report, Aged Payables reports, and Accounts Payable Invoices screen allow currency selection, so you can see how much you owe in each currency. You set up at least one bank account for each currency. The Bank Book shows transactions and balances for each bank account.
The accounts payable software assigns the (default) due date for each invoice based on the vendor’s terms. Intelligent Payment Management is facilitated by an option to "AutoCreate" cheques for all invoices due for a selected currency. These may later be modified or deleted. Cheques can be computer printed or hand-written. The system allows reconciliation of cheques returned from the bank and tracking of void cheques.
An integrated phone dialer is available by right-clicking on vendors, invoices, or cheques.
Accounts Payable data is passed to the General Ledger software automatically via Journal Vouchers with expenses converted from foreign currency to domestic currency. You can trade globally in multiple currencies while your books remain in domestic currency.
