ACCOUNTS PAYABLE

The KSI Accounts Payable system pays vendor invoices and recurring payments, processes handwritten checks, reports cash requirements, shows how to take advantage of vendor discounts and keeps a history of invoices and payments.

Features:

• Multiple company processing
• Cash or accrual basis available
• Reports cash requirements
• Records handwritten and voided checks
• Tracks recurring payables
• User-defined terms codes
• Calculates vendor discounts based on terms codes
• Pays invoices based on due dates, discount dates, specific vendors or specific invoices
• Allows partial payment of invoices
• Withholds workers' comp insurance from subcontractors
• Maintains history of invoices and payments
• Prints 1099's for selected vendors
• Magnetic media reporting of 1099's available
• Interfaces with KSI General Ledger, Bank Reconciliation and Job Cost systems
• Deletes inactive vendors when requested
• Scans vendor file for existing vendors or next available number

Reports Include:

• Transaction lists
• Open Payables Aging indicating cash requirements
• Payment Selection list
• Checks with supporting vouchers
• Distribution Journals reflecting G/L account numbers
• Check Registers reflecting system and handwritten checks
• Vendor lists, mailing labels and rolodex cards
• History of invoices and payments
• Workers' Compensation Report
• 1099's for selected vendors
• Inactive Vendor list

Kennedy Systems, Inc. 3455 Peachtree Ind. Blvd. Suite 305-305 Duluth, GA 30096 Phone: (770) 446-0080 Fax: (770) 495-8198 Email: sales@kennedysystems.com