The ABC-AP module provides the facility for receiving vendor invoices, recording associated expenses in the Purchase Journal, selecting invoices for full or partial payment while taking available terms discounts, writing checks, producing a check register, and recording paid items in the Disbursements Journal.

All transactions are noted in various reports and accounting journals and in the General Ledger when the ABC-GL module is integrated. Thus entry and expensing of invoices and check writing captures the transaction information for the entire system and relieves the office of any subsequent data reentry. If ABC-GL is not integrated, the Purchase Journal and the Disbursements Journal will provide G/L account totals suitable for manual posting to your General Ledger at any period frequency of your choice.

In addition to these basic A/P functions, the system also provides for repeating invoices, recording prepaid invoices and manual checks written against open items, an Aged Accounts Payable report, a Cash Forecast report, Vendor Payment History, and several other management reports, as well as graphical aging and cash forecasting
capabilities.

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