Accounts Payable (A-P) Page: 1

1. 1099 and W2 reporting and form printing US tax purposes (82 product(s) support this feature)
2. 1099 or W2 vendor designation US tax forms (81 product(s) support this feature)
3. Accepts invoices without a PO (86 product(s) support this feature)
4. Account codes can be overridden or inputted (83 product(s) support this feature)
5. Accrual-basis accounting for recognizing revenue (82 product(s) support this feature)
6. Age trial balance vendor listing (84 product(s) support this feature)
7. Age trial balances and vendor payment history YTD (85 product(s) support this feature)
8. Alerts users of outstanding action items (82 product(s) support this feature)
9. All A-P transactions updated in real time (86 product(s) support this feature)
10. All transactions are posted daily to the A-P ledger and are automatically posted to the G-L (85 product(s) support this feature)
11. All transactions pertaining to a particular vendor are assigned to a user-specified account (85 product(s) support this feature)
12. Allocates cost to projects (85 product(s) support this feature)
13. Allocates freight costs at distribution line level to a company or division (84 product(s) support this feature)
14. Allocates sales tax at distribution line level for a company or division (83 product(s) support this feature)
15. Alternate methods of data entry such as scanning and light pens (80 product(s) support this feature)
16. An invoice that was entered in the system as a system check can be redesignated as a manual check (85 product(s) support this feature)
17. A-P aging report on outstanding items (87 product(s) support this feature)
18. A-P balances at business unit and plant levels (83 product(s) support this feature)
19. A-P class code aging (84 product(s) support this feature)
20. A-P due-date aging (87 product(s) support this feature)
21. A-P invoice date aging (87 product(s) support this feature)
22. A-P system performs maintenance of all invoice information fields (86 product(s) support this feature)
23. Approved vendor list for all business entities (82 product(s) support this feature)
24. Approves POs online (84 product(s) support this feature)
25. Archive program or routine identifies and saves all closed payments and receipts that have not been vouchered (85 product(s) support this feature)
26. Assigns dates and standard number of days to credit or discount terms (84 product(s) support this feature)
27. Audit report for any changes to the vendor master file-should show the information before the change indicate what was changed who changed it and what the new information is (83 product(s) support this feature)
28. Automated workflow-A-P automatically updates and sends message to the general accounting group that a transaction has taken p ace (84 product(s) support this feature)
29. Automatically accrues vouchers as they are released (82 product(s) support this feature)
30. Automatically calculates accrued amounts of inventory materials and equipment liability at month-end (83 product(s) support this feature)
31. Automatically calculates discounts (86 product(s) support this feature)
32. Automatically calculates discounts based on vouchers and terms of credit (86 product(s) support this feature)
33. Automatically calculates lost discounts resulting from late or unrealized payments (81 product(s) support this feature)
34. Automatically calculates month-end accruals posted to the journal voucher and reverses transactions that are not invoiced (78 product(s) support this feature)
35. Automatically calculates net payment incorporating discounts and discount dates (86 product(s) support this feature)
36. Automatically creates an intercompany billing report to show transaction details (80 product(s) support this feature)
37. Automatically generates PO number (84 product(s) support this feature)
38. Automatically reconciles the bank account with the accounts payable payment history (86 product(s) support this feature)
39. Automatically reverses distribution when a check is voided (82 product(s) support this feature)
40. Back-end tax reporting for sales and use tax-a list of invoices processed during the month which indicates the sales and use tax-input tax credit claimed (84 product(s) support this feature)
41. Books and reports purchase price variance in instances of discrepancy between projected and actual costs (84 product(s) support this feature)
42. Calculates discrepancy between discounts and cost of capital (77 product(s) support this feature)
43. Calculates purchase price variance by comparing the purchase price per item against standard cost (85 product(s) support this feature)
44. Cancels or suspends standard vendor terms (85 product(s) support this feature)
45. Check number count before new check run (78 product(s) support this feature)
46. Check run can be recovered and initialized if there are printing problems (83 product(s) support this feature)
47. Checks can be written from more than one bank (86 product(s) support this feature)
48. Checks online batch total or voucher balances (81 product(s) support this feature)
49. Clearly identifies legal entity generating the PO document (84 product(s) support this feature)
50. Company division or cost center accounts (86 product(s) support this feature)