Accounts Payable Software Module

Accounts Payable Software

 

accounts payable softwareTIMMS Business Software provides you with all the facilities required to effectively manage the supplier invoicing, payments and other accounts payable functions of your business.

Creditor invoices are processed in batches and these may be edited and corrected prior to posting. One entry point captures all posting data including distributions to the general ledger and matching to purchase accrual data. Full audit trails are provided with extensive enquiry and reporting.

The module handles multi-company, multi-division and multi-cost centres and provides multiple bank accounts for those users who need separate controls for individual divisions.

Summary of features & benefits:

  • Complete creditor file maintenance facilities
  • Ability to track invoices in foreign currencies
  • Transaction entry is performed in batch mode controlled by an accounts payable journal for each batch
  • Operator specified ‘posting period’ (may be different to invoice date) for distribution to general ledger
  • Aged trial balance with multiple selection criteria
  • Audit trails for all posting programs produce journals
  • Cash requirements report by accounts payable account and creditor
  • Creditor enquiry in summary and detail format
  • Integration to most leading banks online payment facilities
  • Cheques printed by selected bank account
  • Entering of manually raised cheques
  • Cheque reconciliation facilities are provided
  • Loan tracking available between TIMMS companies
  • Ability to offset purchase accrual information, provided by stock receipting by purchase order
  • Transaction archiving

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