Payables Analysis (General) Features and Functions
Once an invoice has been received and input, the control or analysis of that invoice and those costs follows one of many paths depending on procedures established by the individual company. This question lists some of these procedures.
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- Three-way invoice approval
- Approval audit reviews
- Offsetting entries between A/P and A/R
- Automatic account aging
- Aging based upon discount date
- Aging based upon period end date
- User defined aging criteria
- Payment scheduling by discount date
- Payment date based on user defined payment cycle
- Prompts for excessive payment delay
- Automatic calculation of discount
- Review and modify calculated discounts
- Reinstate discount after expiration date
- Part pay invoice for partial receipt
- Display of cash available
- Cash available includes projected revenues
- Past due payables report
- Suspend recurring payments
- Clear payment schedule
- Adjust invoice amount during payment processing
- Assign payment priority by vendor
- Put vendor on hold
- Pay invoices which are not on file
- Approval prior to check printing
- Invoice adjustments after check printing
- Automatically deducts adjustment in next check
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Payables Analysis Features and Functions
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