NEXUS FINANCIALS Accounts Payable module tracks and analyses vendor information, efficiently processes purchases and helps the company make the most of vendor discounts while maximizing cash flow. This module provides flexible payment selection systems, in-depth analysis reports and detailed vendor enquiries, allowing managers to leverage this information when managing payables activity. NEXUS FINANCIALS Accounts Payable module includes the following key features:
- Suppliers can belong to one branch and have their expenses recorded in another. This is a particularly useful feature for cost
centre structures.
- Invoices can be dissected across branches, departments or cost centres in the General Ledger. The system provides analysis reports on all selections.
- Unlimited supplier history can be kept.
- Unlimited free-form comments can be kept indefinitely.
- Supplier invoices can be paid individually or globally by the invoice due date. Options also exist to include or exclude particular invoices or suppliers from global payment runs.
- The system easily handles overpayments by suppliers.
- Invoices and journals can be placed on hold until any outstanding queries have been resolved.
- A central billing system allows invoices to be received from any number of branches while remittances and cheques are sent to the head office.
- Foreign suppliers fully catered for.
- Foreign supplier invoices can be entered at fixed or variable exchange rates, and any exchange rate variations for payments are automatically calculated.
- Automatic generation of expense codes from General Ledger chart of accounts.
- Fully applied transactions can be unapplied, even from past history.
|
- Expense analysis code can be copied from one branch to another.
- Comprehensive Cash flow Report.
- The system allows for an unlimited number of branches, departments or companies.
- The Accounts Payable module is fully integrated to General Ledger or can "stand alone".
- The system caters for an unlimited number of suppliers and transactions per month, restricted only by the amount of disk space available.
- Comprehensive auditing, reporting and enquiry facilities enable end users to target relevant information in the system, display it on-screen and produce hard-copy reports if required.
- Future period transactions are allowed.
- The Accounts Payable module integrates with Accounts Receivable to provide cashbook facilities, including complete bank statement maintenance.
- Financial summary enquiry screen and report.
- Full supplier payment history enquiry available.
- Integrates to Cashbook for full bank reconciliation.
- Invoices may be allocated to a particular job, and details transferred to the Job Costing module.
- Disbursement groups, which allocate expenses either by a percentage or by a dollar amount, may be applied automatically during invoice entry time.
- Full drill back facility available; all the General Ledger transactions originating in the Accounts Payable module may be enquired upon.
- Suppliers can be paid by EFT thus eliminating the need to produce cheques.
- Invoices can contain stock codes, which will impact the Stock Control module appropriately.
- Budgets may be entered against suppliers and dissections.
|
