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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 |
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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. |
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Features: |
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Define an unlimited number of companies with different vendors and processing
options. |
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Post transactions in detail or summary to the general ledger. |
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Maintain an audit log. |
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Customize batch, journal, and transaction IDs for vouchers, memos, and payments. |
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| 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. |
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Reports: |
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Aged Payables |
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Purchase Activity |
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Vendor Payment Activity |
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Sales Tax |
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Payment History |
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Vendor Purchase Analysis |
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AP Analysis |
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Cash Requirements |
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Vendor 1099 Activity |
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Vendor 1099 History |
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AP Trial Balance |
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Vendor Performance |
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| Questions? Please call us at (949) 583-9500 x2500 or email us at
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