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Posting vendor bills is easy. For example, when you receive inventory, the total amount of the purchase is posted to just one ledger number. The inventory being received is listed and detailed in the purchase order module, so there is no need to duplicate this information.
If you negotiate payments in installments such as 3 equal payments, Windward System Five will track those distributed due dates, remind you when you need to pay the bill, and how much to pay. In Canada, Australia or any other country dealing with the GST or VAT taxes, the input tax credits are entered on the bill. (These are taxes that you pay, but can get back from the government). The system warns you if you forget to enter the tax amounts.
"Accounts Payable" is part of the Windward System Five line of products, developed by Windward Software.
Windward System Five is a horizontal product. It offers functionality designed for usage across a wide variety of industries and business types.