Accounts Payable

       The Accounts Payable system provides for the recording and
       reporting of vendor account activity and status.  Accounts
       payable checks, cash requirements, aged accounts payable and
       other reports may be generated on demand.  The system can also be
       configured to post accounts payable accounting transactions to
       the general ledger.  The overall objectives of the Accounts
       Payable system are to manage vendor account activity in a
       convenient, efficient manner and to optimize cash flow.

       Transactions processed by the system include vouchers, cash
       disbursements, credit memos, and debit memos.  Functions are
       provided to alter the due date and the payment amount after
       vouchers have been posted to the open payables file.  A function
       is provided for the selection of vouchers to pay as well as
       reversing this selection.  Payment selection is based on a number
       of criteria.  A pre-check writing list will insure than only
       those invoices intended for payment will be paid and that any
       possible discounts will not be overlooked.  Edit lists, audit
       trails, and various report totals are provided for the assurance
       of system integrity.

       Accounting journals, in general ledger account number sequence,
       are produced when posting to the general ledger and can be
       performed in summary or detail form.  An aged trial balance is
       available to assist in the determination of vouchers to pay and
       to support amounts posted to the general ledger.

       A cash requirements report may be generated at any time based on
       a number of parameters.  Checks may be printed at any time or as
       often during the month as requested.  At the end of the month,
       fully paid vouchers are removed from the accounts payable open
       file and posted to the history file.  A vendor analysis is
       available by vendor number, vendor name, vendor type, company
       code, state, zip code, month to date purchases, year to date
       purchases, and cumulative purchases.

       Accounts Payable functions:
               Vendor file maintenance
               Voucher/Disbursements processing
               Open payables maintenance
               Pay/Hold selection
               Accounts payable reports
               Check printing procedures
               End of month processing
               System management functions