Accounts Payable (A/P) Features and Functions
Accounts payable schedules bill payments to suppliers and distributors, and keeps accurate information about owed money, due dates, and available discounts. It provides functionality and integration to other areas such as customer service, purchasing, inventory, and manufacturing control. The software should support the following functionality: AP company policies and procedures; suppliers/voucher master data; payment controls; invoice processing and aging analysis; payment processing; journal voucher processing; AP ledger posting; check processing; AP transactions and controls; and AP reporting.
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Policies and Procedures
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Supplier Master Data
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Invoice Process and Aging
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Journal Invoice Process
voucher process
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A/P Ledger Posting
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Control of Payments
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A/P Transactions and Controls
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Processing of Payments
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Processing of Checks
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Reporting
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Financial Packages Features and Functions
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