DYNAMIC 3i ACCOUNTS PAYABLE MODULE

Optimize Cash Resources-in Multiple Accounts and Multiple Currencies

The Accounts Payable module is a complete payables control system. With it you can set up and track an unlimited number of bank accounts, in different currencies, and in different banks.

Payment Options

Taking advantage of the cheque payment options, and multiple terms, makes for superior cash management and better payable control. Accounts payable provides the choice of full or split payment, and the ability to schedule recurring payments. The system manages holding accounts and settlement discounts for existing debts.

Flagging and Forecasting

With the Accounts Payable module you have the option of entering transactions through the Accounts Payable entry screens or posting them directly from the Purchasing module. The second method lets you reconcile vendors' invoices and flag them for payment as goods are received. The Accounts Payable module lets you take advantage of obtainable discounts. The system also enables you to inquire into accounts by vendor name or number.

Posting and Reporting

DYNAMIC 3i posts completed Accounts Payable transactions to the General Ledger in summary or in detail. Throughout the accounts payable process the system gives you the option of generating reports to administer your cash flow.

Linkages

Accounts Payable integrates with Purchasing and Receiving for three way Purchase Order Matching, and General Ledger.

Features

• Automatic due date calculation based on vendor-specific terms
• Multi-company and multi-division payable control
• Individual corporate sub-ledgers and General Ledger control accounts
• Automatic and manual cheque generation
• Multi-currency options and exchange rate calculations
• Cheque reconciliation
• Summary and Detailed Trial Balances with user-defined periods
• Vendor purchase analysis
• Quick Cheque Entry
• EDI Output for bank transfers
• Invoice suspension on PO mismatch
• Drill-down from cheque to invoice to PO
• Stop-payment capability on vendor and invoice levels
• Void Invoice facility
• Forward aging with user-defined periods
• Miscellaneous vendor cheques
• Batch number option for selective updating/reporting
• Recurring Invoices with start/end dates
• Unlimited retention of historical currency rates
• Automatic calculation of realized gain/loss on exchange
• Reconciliation of A/P balances with G/L controls
• User controlled purges of paid-up invoices
• User controlled purges of history
• Automatic computation of VAT/GST amounts
• Separate Payee name & address