Accounts Payable

The WOODPRO 2000 Accounts Payable module is designed to handle the processing and payment of supplier invoices in an efficient manner with a high level of control. The emphasis is placed on cash flow management with the system tracking cash requirements, discount opportunities, and featuring automatic accounts payable accruals.

The characteristics of the accounts payable system are similar to the accounts receivable system. A comprehensive supplier database is maintained containing all information relevant to purchasing: purchase history, supplier terms, discount opportunities, remarks, contacts, and various purchasing statistics.

A variety of reports are available including: aged payable, purchase analysis, ranking, ranking comparison and supplier performance.

Computer checks feature "quick pay", where non A/P invoices can be paid or added to other A/P checks on a check run. The Manual Check function also allows handwritten checks to be processed whenever necessary.

The Accrued Payable Inquiry features a list of all payables which have been accrued through the Purchase Order or Order Entry truck charge section by supplier.