FMS Accounts Payable is a comprehensive vouchering, vendor record keeping, and cash disbursement system that improves department productivity, provides strong expenditure control, and exploits cash positions. FMS Accounts Payable strengthens disbursement control and streamlines operations.
Some outstanding system features are:
- Easy to use voucher entry routines
- Recurring voucher support
- A comprehensive array of reports
- Delivers reports on-screen
- Full 1099 reporting
- Maintains extensive on-line financial history
- Provides data access by ODBC compliant programs
Easy to Use: FMS Accounts Payable is easy to use. It furnishes flexible invoice vouchering, payment preparation and cash disbursement routines plus an easy to use menu, point and click operation, and on-line help. FMS Accounts Payable also provides immediate access to open accounts payable items and vendor history, efficient cash disbursement controls, adaptable cash requirements planning tools, and computerized check writing or electronic vendor payment. It increases accounting department accuracy through duplicate invoice alerts, and streamlines department work flow with speedy auto-vouchering procedures for recurring invoices. FMS Accounts Payable seamlessly integrates with the FMS General Ledger System.
Posting: FMS Accounts Payable incorporates easy to use posting routines that guide the user through the routine posting and cash disbursement processes. Transactions incorporated into the system include:- New Payables Entry
- Auto-voucher Entry (Recurring Vouchers)
- Reverse Payables
- Void Checks
- Payment Preparation
- Partial Payment
At the end of the day, these entries are electronically uploaded to the General Ledger System.
Compliance: FMS Accounts Payable complies with generally accepted accounting principles. Inputting vouchers records the liability to pay the vendor and recognizes the corresponding expense incurred at voucher entry time. Cash disbursement entries reduce cash when the payment is made and incorporates appropriate disbursement control procedures. The system also supplies easy to follow audit trails.
The following report list illustrates the variety of reports supplied by FMS Accounts Payable.
- Vendor Listing
- Open Item List
- Vendor History Report
- Cash Requirements Report
- Aged Trial Balance
- Check Register Report