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Blytheco Home | Sage Software | Sage MAS 500 | Modules | Financial Modules | Accounts Payable

Accounts Payable Module

The Accounts Payable module for Sage MAS 500 ERP helps you save time, reduce administrative costs, and gain better control over your business processes by
automating a wide range of vendor-related tasks. It is a key component of Sage MAS 500, a highly reliable, robust, and integrated series of business applications that delivers a flexible, scalable, and full-featured total
e-business management solution.

With a variety of advanced customization options, the
Accounts Payable module lets you specify vendor
management procedures and processes to suit the needs of your organization. The system makes it simple to enter a default general ledger account to the vendor class, or to a batch, and track expenses by department or location.

You can also fulfill specific vendor requirements quickly and easily by assigning a default item, 1099 information, payment terms, and tax codes to each vendor. For vendors that are also customers (in the Sage MAS 500 Accounts Receivable module), the Accounts Payable module
Financial Modules - MAS 500
can automatically calculate the appropriate payment amount and net of money owed to you by the same entity. This ensures that payments are made to trading partners only when the net balance requires it.

In addition to providing maximum flexibility, the system gives you fast, easy access to the information you need for day-to-day tasks and period-end processing, including vendor statistics, aging, and transaction information.

Accounts Payable simplifies voucher entry by automatically calculating sales taxes, discounts and due dates, as well as by defaulting general ledger accounts, payment terms, and 1099 information. Because you can set up recurring vouchers, you’ll save time and maximize productivity by eliminating duplicate work each month. Simplified period-end processing can further improve your productivity.

 

 

Features:

Define an unlimited number of companies with different vendors and processing options.
Post transactions in detail or summary to the general ledger.
Maintain an audit log.
Customize batch, journal, and transaction IDs for vouchers, memos, and payments.
Establish up to four user-defined aging categories.
Produce up to four custom fields for vendors.
Assign defaults for general ledger account, item, 1099 type, payment terms, bank
account, currency, and tax codes.
Define a payment method for each vendor.
Designate user-defined tolerance codes for purchase order matching.
Generate separate checks for each vendor with a separate check option.
Create an easy-to-follow audit trail while preventing duplicate invoice entries and
payments.
Process vouchers by batch.
Designate a batch as private or public.
Assign a reference code for each voucher line.
Hold any batch to prevent posting or any voucher to prevent payment.
Perform real-time posting of batches online at any time, and simultaneously update
two different company ledgers automatically when posting intercompany expense
distributions.
 

Reports:

Aged Payables
Purchase Activity
Vendor Payment Activity
Sales Tax
Payment History
Vendor Purchase Analysis
AP Analysis
Cash Requirements
Vendor 1099 Activity
Vendor 1099 History
AP Trial Balance
Vendor Performance
 
Questions? Please call us at (949) 583-9500 x2500 or email us at
 

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