Define an unlimited amount of companies with different vendors and processing options.

• A comprehensive detailed transaction summary is automatically posted on General Ledger.
• Maintain an audit log.
• Customize batch, journal, and transaction IDs for vendors, memos, and payments.
• Create custom fields throughout the program.
• ACH Credit ACH Debit Filing Methods complying with all IRS requirements.

Vendor Management

• Define a payment method for each vendor.
• Generate separate checks for each vendor.
• Prevent duplicate invoice entries and payments.
• Create recurring vouchers. Process vouchers by batch.
• Hold any batch to prevent posting or any voucher to prevent payments.
• Perform real-time postings of batches online and simultaneously update two different company ledgers automatically when posting inter company expense distributions.

Payment Processing

• Calculate balance due to vendors that are also customers by netting out any Accounts Receivable balance for the same trading partner.
• Process payment by bank account and method.
• Monitor the available cash balance.
• Automatically apply a prepaid invoice when the voucher is posted.
• Customized Laser Check Cutting.

Payable Analysis

• Drill-down and drill-around to view all vendor activities, such as vouchers, debit and credit memos, and payments.
• Create user-defined ad hoc queries by establishing a variety of section criteria for vendor inquiry and analysis.
• View voucher and payment information, vendor statistics, aging information, and transactions.

Security

• A sophisticated multi-level security system.
• Create and assign an unlimited number of user IDs and passwords.
• Automatically records a detailed audit trail identifying the change by date, time and type.
• Establish groups based on access ability.