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CMS Accounts Payable

Benefits

The Accounts Payable (A/P module provides the user with control of cash through the payables function with real-time information. It allows managers to optimize cash position on a daily basis.

Payable Features

The A/P module provides the ability to track all vendor invoices and generate and record cash disbursements applied against those invoices. The A/P module is fully integrated with the purchasing and receiving function, which gives you even more control over your payables. Matching of receiver lines to A/P invoices is performed on-line. Reconciliation of pricing irregularities, quantities received vs. invoiced, and incoming QC status is facilitated in an interactive mode.

Accurate and detailed records of vendor invoices and credit memos are available from the time they are received through the time they are paid and the check is reconciled. You determine the detail storage requirements of your company. When you decide to purge detail, it can be done by a single process. The A/P function automatically updates the General Ledger, Vendor Master, and Project Costing modules, eliminating manual effort and reducing error. Multi-account allocation of fixed costs is supported, as well as recurring payables visibility.

Your future cash requirements are analyzed to assist with cash management. The system provides a fast pay function to take discount options. Tight control of your cash outflow is maintained by allowing you to pay vendors based on your selection criteria.

Major Displays

• Analyze Accounts
• Payable Status
• Detailed Aging Schedule
• Summary Aging Schedule
• Check Register

Major Reports

• Cash Requirements Analysis
• Vendor Status
• Detailed Aging Schedule
• Summary Aging Schedule
• Check Register

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