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VIP Financials: Accounts Payable
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Featuring...
- Support for multiple payment methods-checks, multiple checking accounts, EFT, and EDI.
- Flexible and easy-to-use operations allow you to adapt the system to your company's needs.
- Save time with automatic creation of AP invoices from the VIP Beverage System and autoposting of AP transactions to general ledger.
- Date-driven system allows reports to be easily created based on history. No month-end or year-end procedures required.
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Automated Postings | Flexible Accounts Payable Operations
Simpler Accounts Payable Operations | Accounts Payable Reporting
| Automated Postings |
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Integration with the VIP Beverage System allows you to:
- Automatically create AP invoices for supplier purchase orders, including separate invoice for freight.
- Create AP invoices and pay retailers having a credit balance (for redemptions and keg rebates).
- Create AP invoices for depletion allowances earned from suppliers.
Integration with the VIP General Ledger allows automatic creation of journal entries for accounts payable transactions.
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| Flexible Accounts Payable Operations |
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Supports:
- Multiple checking accounts
- Multiple AP liability accounts
- Multiple vendor types
- EFT
- EDI payments
- Laser checks
- Payments to vendors with separate checks.
Handles standard invoices and credit memos.
Flexible, but controlled, voiding of checks and unpaid invoices.
Flexible selection of invoices to pay, including by due date.
Reconcile AP checks.
Print 1099's for vendors and retailers (such as redemption centers).
Use of invoice comments with option to print on vendor's check. Use comments to keep reminders about invoices or provide additional tracking details (like your account number or PO numbers) on the check.
Print labels for vendors.
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| Simpler Accounts Payable Operations |
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Easily handle recurring invoices such as loan payments, vehicle leasing fees, and other payments that are the same each week, month, quarter or other time period.
General ledger accounts suggested based on previous disbursements for the vendor.
Easy to look up vendor accounts numbers with Hunter searches, including searching by vendor name and phone number.
Vendor history easily tracked through on-screen inquiries.
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| Accounts Payable Reporting |
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See AP aging for any date.
Determine cash requirements for any time period with screen inquiry or report.
Track disbursement for a specific vendor.
Determine what checks were written in a specific date range, optionally showing invoices paid by those checks as well as general ledger accounts hit by the invoices.
See listing of open payables with general ledger distribution. This allows you to see exactly what each open payable is for.
See listing of accounts payable invoices posted for each general ledger account. This allows you to verify that the invoices were posted correctly and that no invoices are missing.
Determine which payables are due as of a certain date.
List general ledger accounts and which invoices hit these accounts.
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