Use BusinessBackbone
Accounts Payables (AP) to control and process
your payments for purchases of goods and services,
employee expense reports, taxes, rents, and so
forth.
The release version of this application provides
two user workbench environments or invoice and
payment processing. The manual invoice entry screens
can be set up for high-speed data entry.
The AP application is a subledger to the GL,
and it is tightly integrated and shares data
with
the purchasing application.
The main features
of Accounts Payable include the following:
- The capability to
set up and maintain supplier records.
- Electronic and manual
invoice entry.
- Expense report processing.
- The capability to create
and maintain invoice holds and payment
schedules.
- Cash disbursements
for checks and electronic transfers.
- Accounting distributions.
- Two-, three-, and four-way
invoice matching and validation with purchase
orders and receipts.
- Sales tax and VAT processing.
- Expense and disbursements
journal entries to GL.
- Foreign currency transactions.
- Bank transaction reconciliation.
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