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RealWorld Expertise.LAN/Expertise.SQL
Accounts Payable Detail
Accounts Payable provides you with the features to perform high volume data entry and
check processing. You can easily process accounts payable transactions from one data entry
screen. Invoice dates can be entered in separate periods from General Ledger for
cross-period posting. Checks can be printed to any form, voided within a check run and
optionally reissued.
- Accounts Payable allows individual vouchers to be distributed between a maximum of 100
general ledger accounts. Accounts Payable allows entry in past, current or future periods.
- Serialized and lot inventory can be tracked from vendor to customer. Vendor part numbers
can be assigned to inventory item numbers.
- Stock calculations can be used to keep track of vendors' best price quotes, quantity and
time discounts, best delivery turnaround and many other ordering criteria, to ensure
efficient management of stock and financial resources. Preference levels can be used for
payment and suggested ordering. Inventory can be received during voucher entry.
- Recurring invoices can be recorded for monthly or other repeated bills. A partial
payment option places the balance of an invoice on hold or completely reverses the
original distribution for voided transactions.
- Manually written checks and cash payments are easily entered and tracked. Checks can be
auto-numbered and generated to third parties, such as brokers and factoring agencies.
Check reprint and void options are provided with a full audit trail. Payments can be
voided and a new check issued in a single step, or invoices can be automatically restored.
- Accounts Payable is fully integrated with Fund Accounting, General Ledger, Inventory
Management and Purchase Order modules. When integrated with Fund Accounting, Accounts
Payable supports intercompany invoice processing from source to expense company. When
integrated with Purchase Order, commodity items are available to perform unit price
extensions with accrual and receipt validation in General Ledger.
- Vendors can be defined with up to 10 alphanumeric characters, including a free-form
address field with up to 100 characters. Alternate look up or sort field can be defined up
to 20 characters.
- Unlimited checking accounts can be used.
- Inquiries and on-the-fly entry of vendors, purchase orders, and inventory items can be
easily made.
- No monthly closing is required.
- Discount amounts can be controlled.
- Serial numbers from purchases through subsequent sales can easily be edited and
controlled.
- Transaction detail can be maintained.
- Current or prior year 1099 reporting is handled.
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