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.

Accounts Payable Data Considerations

  • AP Transactions add/ remove inventory quantities at time of entry (invoice & debit memo)
  • Prepay AP transactions and PO invoices for invoices that are paid online, manually, or by credit card
  • Use the Hold/Release to edit invoices including, due date, discount, status, 1099 status, etc.
  • Communicate with bank for layout requirements for ACH payments & positive pay exports
  • Use system manager to change vendor IDs and bank account IDs
  • Post invoices as held (AP & PO) to manually release invoices for payment
  • Use priority code as a means to change groups of invoices from held, released, or temporary status
  • Turn on document archiving to archive printed payments (checks/ vouchers)
  • Set up vendors for document delivery to simplify sending payment vouchers and PO

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