|
ACCOUNTS PAYABLE
You need to make sound cash management decisions
about which bills to pay and when to pay them. You need an
analysis of who gives you the best discounts and which vendors
you buy from most often. OPEN SYSTEMS® Accounting Software (OSAS)
Accounts Payable application helps you to track your obligations
to suppliers and to control your cash flow. It's also your key
to paying bills, printing checks, and monitoring the
distribution of your expenses.
Effectively manage the outflow of cash and
vendor information, adding to the financial success of your
business
It's easy to keep your accounts up to date and
take advantage of available cash discounts with user-defined
terms, aging periods, and cutoff dates. Assess your financial
position by producing timely reports. You'll save time and money
with the ability to quickly review outstanding payments by
vendor and select which payments to hold or release. You can pay
all invoices, or prepay or split your payment.
Improve your efficiency with quick entry and
defaults on headers. They allow you to set up fields and header
screens so that you can skip over fields and default the values
as you choose.
|
OSAS Accounts Payable Offers Choices
and Flexibility with These Key Features:
 | You'll have online access to vendor
information, vendor comments, and inventory item
quantities, costs, and prices through information
windows. |
| Easily view and select outstanding
payables to be released for payment on a horizontal
line-item entry screen. Select them based on vendor, due
date, and discount date criteria. |
| You'll be able to analyze trends in your
payables. Summary history tracks activity by period to
provide the information you need to effectively manage
your business. |
| Define vendor terms according to your
arrangements with vendors. The flexible terms function
lets you set up and define terms for each vendor. |
| You can void a check out of the history
file. The Open Invoice file is then re-created from
history, and all General Ledger and Bank Reconciliation
transactions are reversed. |
| You'll have additional lines of
description available for your vendors and items. |
| Compound taxes for multiple localities
such as state, county, and city. Canadian tax handling (GST/PST)
is also supported. |
| Save money on reorders by accessing the
cost of previously-purchased merchandise. |
| You'll be able to determine which vendors
are most reliable and which offer the best prices by
looking at detail history. |
| Trace payment information to the order
through the Open Invoice file. Easily determine if an
invoice has been paid. |
| You specify the vendor name and street
address to print on checks. |
| The Backorder Allocation Report lets you
know when backorders can be filled. |
| Requisition items for use internally and
for customer's jobs. In addition, the material
requisitions system automatically backorders
requisitions that can't be filled. |
| Online material requisitions provide an
easier way to print the material requisitions you're
currently working on. |
| You can create your repetitive payables
automatically with the recurring invoice feature, saving
data entry time. |
| Multiple warehouses per material
requisition lets you requisition items from several
warehouses. |
| Form 1099-MISC reporting with magnetic
media helps you meet government tax reporting
requirements regarding subcontractors. |
| You can track lotted inventory at the
time of receipt. Determine which vendor you purchased
each lot from. Capture vendor, transaction ID, and unit
cost for each lot. |
| | | | | | | | | | | | | | | | | |
Accounts Payable Reports:
|
| Purchases Journal |
| Miscellaneous Debits Journal |
| Material Requisitions Journal |
| Open Invoice List |
| Cash Flow Report |
| Check Register |
| Vendor Analysis Report |
| Aged Trial Balance |
| Backorder Allocation Report |
| 1099 Forms |
| Vendor Detail History Report |
| Payments History Report |
| AP Analysis Report |
| Purchase Analysis Report |
| Vendor Activity Report |
| | | | | | | | | | | | | | |
| Printer Friendly Version |
Adobe® Acrobat® Reader is free software that lets you view and print
Adobe Portable Document Format (PDF) files. |
|
