Accounts Payable

Accounts Payable has been developed to make all its entries automatically to streamline the process and headaches that usually accompany tracking an infinite number of journal entries. A/P has been integrated with Purchasing to provide several great benefits such as the Received But Not Invoiced (RBNI) account described below. Recurring journal entries can be made to handle items such as rent. In addition to handling everyday entries, A/P also lets the user quickly add ‘one-time’ or unique transactions with ease.

• RBNI (Received But Not Invoiced)
  A pending receipt is entered either manually or electronically and
  the system makes a RBNI entry into an inventory clearing
  account. Upon receipt and voucher of the actual invoices for
  product and freight, the system automatically reverses the
  original RBNI entries and makes new entries based upon the
  actual information.

• Easy and rapid entry and editing of
  all vendor and service provider information.

• On-line and interactive inquiry for
  all accounts payable information and easy and rapid editing of
  such information.

• Automatic or selective payments of
  vendor and service-provider invoices by system- generated
  checks. Also allows for payments by manual check.

• On-line and interactive access to
  vendor and service-provider history with the company.

• Easy entry and processing of
  recurring payables such as rent, insurance, equipment leases,
  and similar occurring commitments.

• Provides a complete array of
  purchases, accounts payable, and payment reports related to all
  of a vendor’s current and historical activities.

• A wide variety of accounting reports
  are available.