TRAVERSE Global v11.1

Accounts Payable

Accounts Payable helps you manage your company's cash flow by tracking the invoices you receive and the payments you make to vendors. Accounts Payable also lends its tracking capabilities to other applications associated with tracking assets, such as Inventory.

Use Accounts Payable functions to enter information about the vendors your company does business with, then to enter invoices for those business transactions. Accounts Payable then helps you select payables and produce checks for outstanding charges to manage cash flow.

Reports and interactive view functions keep the information you need to make sound business decisions at your fingertips, and because Accounts Payable interfaces with other TRAVERSE applications, data is transferred seamlessly throughout the system, eliminating double entry.

ClosedFrequently used functions

The most frequently used functions are on the Transactions and Transaction Journals menus.

Use these functions for the following tasks:

  • Enter purchase and miscellaneous debit transactions and edit transactions.
  • Enter and edit recurring entries.
  • Print the Purchases and Miscellaneous Debits Journals.
  • Post transactions.
ClosedPeriodic and pay invoices functions

Paying invoices and periodic processing functions are on the Pay Invoices and Periodic Processing menus.

Use these functions for the following tasks:

  • Hold and release invoices for payment.
  • Calculate, print and post payments.
  • Perform Periodic Maintenance.
ClosedReports

Reports and annual 1099 forms provide a means of seeing the information stored in the system. Use the Management Reports menu functions to select the information for your reports.

ClosedInteractive Views

Vendor, invoice, detail and summary information can be displayed through the interactive view functions.

ClosedInterfaces

Accounts Payable can be interfaced with Inventory, General Ledger, Bank Reconciliation, MFG Production, MFG Routing and Resources and Project/Job Costing.