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Invoices are processed directly into the Creditors module or come through from the Purchase Orders module.
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Multiple bank accounts can be designated. Different creditors can be allocated to different accounts.
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Creditors can be allocated to different sub-ledgers, eg Stock purchases or Sundry Creditors. This enables Cash Requirements, Outstanding Invoices and Aged Trial Balance reports to be printed for different sub-ledgers. This is especially useful if you are part of a buying group whose payments are made to one head office or buying account.
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Payments may be raised individually or in multiples as required. Payments are designated as either Cheque or EFT.
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EFT payment generates a bank .ABA file for submission to your bank's payment software saving re-keying.
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Remittance advices can be printed, emailed or faxed directly.
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Full history of all transactions kept allowing drill down to view the originating invoice, adjustment note, cheque or EFT payment.
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Full integration with General Ledger.
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Comprehensive Bank Reconciliation program streamlines your bank statement reconciling.
