Accounts Payable Overview:
Accurately tracking the amount of money owed to vendors and the proper disbursement
of cash can be cumbersome tasks. Handicomp's Accounts Payable module will streamline
and improve the efficiency of all the payable functions from check printing and
reconciliation to the generation of all management reports.
What the Accounts Payable Module can do for you:
The Accounts Payable module facilitates the tracking
of the money owed to vendors on an invoice by invoice basis:
- Enter vendor invoices and debit memos and specify posting of expenses to general
ledger accounts, and, specify any discounts to be taken.
- Print 30, 60, 90 day aging schedules with or without the assumption of discounts.
- Enter adjustments to invoices and generate a cash requirements report with "by date"
subtotals.
The Accounts Payable module provides for cash disbursements:
- Designate payments to be made in advance, partially, or postponed, and, generate
computer checks for selected invoices, or, invoices due on or before a particular
date.
- Enter, print, and, track demand checks for COD's and miscellaneous expenses.
- Print a check register for a record of cash disbursements and check book postings.
- Print checks on a Dot Matrix, InkJet or Laser printer.
The Accounts Payable module allows: the checking
account to be reconciled:
- Enter canceled checks received from the bank.
- Print a list of all outstanding checks and disbursements.
The Accounts Payable module provides management
reports:
- Detail Activity Report
- Outstanding Checks
- Month-to-date Reports
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- Aging Report
- Expense Distribution
- 1099 Report
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- Cash Requirements
- General Ledger Summary
- Vendor Status Report
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Feature
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Benefit
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Unlimited Miscellaneous(one time) Vendors
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Save time and avoid the accumulation of unnecessary vendor information by eliminating
the need to
set up vendors for non-recurring transactions.
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Various on Demand Reports
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Provides details for all Accounts Payable activities, aged summary by invoice and/or
vendor,
cash requirements, all pertinent vendor information.
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Pending Invoices
Adjustments
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Save time and additional paper work by correcting and updating existing invoices
if changes need be made. Provides audit trail for any changes made.
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Automatic Posting to the
General Ledger
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Save time and improve efficiency by automating the posting to the General Ledger
module.
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Vendor Status Inquiry
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Improve efficiency and information accessibility by displaying all open invoices
and debit memos for
the vendor to the screen.
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