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