ACCOUNTS PAYABLE

• open item

• multi-currency with automatic conversions

• produces completely balanced sub-ledger

• Aged Trial Balance available at any time in summary or detail

• detail on cheques cashed as well as outstanding cheques

• detailed monthend reporting on all transactions

• allows discounts to be taken (automatically if desired)

• any open item can be adjusted or transferred between vendors

• payment selection can be by specific item or all items prior to a specified due date, or on or before a specified discount date

• all entries are detailed on journals

• cheque print includes remittance advice

• open item inquiry by vendor provides quick review of payables situation

• invoices can be distributed to multiple expense accounts

• cash requirements report indicates payments due by pre-specified dates

• allows multi-bank cheque production

• open payables can be marked "hold" to prevent payment

• any vendor can be marked "hold" to prevent payment of any of his invoices

• multiple period processing