Accounts Payable

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.

Frequently 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.

Periodic 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.

Reports

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.

Interactive Views

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

Interfaces

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