ACCOUNTS PAYABLE ON-DEMAND
The Online Accounting system Accounts Payable (A/P) module provides internal control over expenses, payables, disbursements and vendor performance while capitalizing on the accounting software award winning benefits of ease of use, staff productivity, return on investment and business intelligence. The online financial system simplifies transaction entry with intuitive screens designed for heads down data entry efficiency and streamlined rec-to-check (requisition to payment) processes which can be logically sequenced and automated based on user-defined business rules or using the Workflow Designer for conditional routing and approval processing.
ACCOUNTS PAYABLE BENEFITS
- Simplify the processes for vendor invoice entry, payment processing and cash flow reporting
- Use extensive transaction defaulting to increase data entry speed, efficiency and accuracy
- Automate invoice management and disbursements processing
- Streamline invoice approval processing with system generated workflow rules that forward invoices to authorization resources
- Automate receipt of goods processing with integration from the purchase order module
- Quickly process manual or voided checks which then automatically adjust vendor history, invoice history and check registers
- Track key vendor management and performance information needed to maintain payables control and promote strong vendor relations
- Use powerful inquiry and reporting tools to achieve on-demand visibility into vendor performance
- Process vendor invoices and disbursements in multiple currencies
IMPROVE VENDOR MANAGEMENT
The Online Accounting system Accounts Payable vendor records provide thorough vendor categorization for effective lookups and group processing, exhaustive demographic information for vendor management, vendor operational statistics for performance measurement, detailed 1099 selection and complete general ledger account assignments so that procurement and payables transactions automatically default the correct G/ L accounts, thereby saving time and increasing accuracy.
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AUTOMATE BANK RECONCILIATION
Centrally manage all bank related transactions, including checks, credit cards, cash receipts, bank fees, bank account balances and automated bank reconciliation's. Bank account adjusting transactions automatically post to the General Ledger. Bank statements and reconciliation reports are part of the Reports Library. **Centrally manage all bank related transactions, including checks, credit cards, cash receipts, bank fees, bank account balances and automated bank reconciliation's. Bank account adjusting transactions automatically post to the General Ledger. Bank statements and reconciliation reports are part of the Reports Library.**
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DEFAULT 1099 CODES
In order to automate 1099 processing and reporting, the financial system Accounts Payable module designates complete 1099 assignment at the company level and individual vendor specific 1099 information with each supplier. **In order to automate 1099 processing and reporting, the financial system Accounts Payable module designates complete 1099 assignment at the company level and individual vendor specific 1099 information with each supplier.**
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ACHIEVE BEST PRACTICES
Finance departments which fail to document business processes and procedures extend staff learning curves and incur repeated mistakes. The web-based Content Management System (CMS) and knowledgebase delivers company-specific instruction, procedures and best practices for consistent performance and a simplified user experience. Best practices or company specific procedures can be created and linked to the purchase order process, the voucher cycle, credit memo processing, disbursements processing, period-end processing or any other routine or process in order to complete those tasks accurately and consistently.
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TAILOR SCREENS TO YOUR BUSINESS
Vendor profile records and A/ P transaction screens are easily customizable to permit the capture of just the right information and the user-defined page layout to support ease of use. Check formats can be created or customized with the Visual Report Writer. Accounting system screens and reports can be tailored or modified on demand to add new fields, remove unnecessary fields, change field behaviors or reposition the fields anywhere on the page. The end results are page layouts and reports which include only relevant information to your business and provide the greatest ease of use for your staff.
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Tel: +971 4 4462425, Fax: +971 4 4456864
