The Accounts Payable module automates a wide range of vendor-related tasks providing you with the ability to effectively manage company expenditures. This module’s features include the option to require that invoices recorded in the system be supported by purchase orders, take advantage of early-payment discounts, and the ability to accrue landed costs and allocate them to purchased items. Payment authorization for multiple vendor invoices and prepayments can be done simultaneously. AccountMate simplifies the payment process by providing the ability to post credit card payments, ACH, or issue checks directly after an invoice recording. It can even print checks and generate an ACH file in one sitting. It tracks payments to various types of 1099 vendors and prints various 1099 reports. It also allows you to record and amortize prepaid expenses.
When integrated with AccountMate’s Bank Reconciliation module, you get to reconcile all recorded checks and electronic payments in one place. When integrated with AccountMate’s Purchase Order module, you get a complete purchasing and invoicing system that will enhance your ability to manage your vendor base and cash flow.