Accounts Payable

The FDM4 ® Accounts Payable module manages disbursements including cash requirements planning and daily voucher and payment processing.

The FDM4 ® Accounts Payable module can be integrated with the other FDM4 ® modules or used by itself.

• Voucher Entry/Adjustment procedures
• Debit Memo Entry/Adjustment procedures
• Recurring payable creation and posting procedures
• Manual and automatic check run payment procedures
• Check cancellation functionality
• Check reconciliation procedures
• Aged reporting of outstanding payables
• Fully integrated with Purchasing module to allow for easy creation of payables for good purchased and received from a vendor
• Automatic Debit Memo creation flag that will allow Debit Memos to be created automatically on the Vendor's account when goods are returned
• A/P Sub-ledger is fully integrated with the G/L system for transaction posting
• Designed to allow user to select vouchers for payment in a timely manner as to allow the company to take advantage of any discounts that are extended from the Vendor for early payment
• Intelligent selection of vouchers for payment based on user selected criteria
• Voucher Entry allows for use of cost centers for breakdown of expenses by Responsibility center when transactions are posted to the G/L Module
• Purchase Order matching procedure within Voucher Entry/Adjustment allows for easy creation of payables for goods received
• Multiple vouchers can be created for goods received off a single Purchase Order