Purchase Orders can create invoices in AP for received goods; Job Cost can apply payables data to specific work orders and functions; General Ledger can be updated with either detailed or summarized invoice or cheque data; and Bank Reconciliation can gather cheque from accounts payables.
Account payables aging report is a good cash management tool that should be prepared periodically as it helps you plan the timing and amount of your cash requirement.
In essence, accounts payable module provides complete, convenient payables management, resulting in more control of your business.
Product Description
TRUSTSOFT accounting payables module controls and manages supplier accounts in an efficient and accurate manner to control cash disbursement promptly and in user defined payment schedule. AP shows the whole payables situation in up to the minute and in precise details as to whom and what is owed. You can pay suppliers at any time, in any currency. Appropriate transactions entered elsewhere in the system automatically update supplier accounts.
User could post credit invoices manually to a supplier’s account or update from the Purchase Order module. Pay as many as invoices as you like with one cheque. In a user defined format generate aging, forecasting reports detailing the amounts owed.
