Accounts Payable focuses on cash requirements and management for your company. Standard functions are supported in relation to cheques, and voucher listings by age, size, bank and vendor. Accounts payable transactions have detailed general ledger account information, detailed transaction distribution and notes. General ledger journal entries are generated when transactions are posted to the accounts payable system.
The Accounts Payable department is supplied with tools that they are used to working with, in an environment that provides useful information from other company departments. Order transaction data is available online to help your staff produce cheques on time, and give their immediate attention to outstanding purchase order and delivery issues. With CIS, you can also review account, distribution and payments with multiple bank accounts and multiple currencies on-line. When you view the cash disbursements online then you can easily adjust to what needs to be paid. Outstanding cheques can also be reviewed on-line and marked as they clear the bank.