Acumatica Accounts Payable software is designed to track and manage vendor payments efficiently. It automates invoice processing, manages payment obligations, and ensures timely payments to improve vendor relationships and streamline financial operations.

Key Features

Invoice Processing Automates the steps for receiving and processing invoices.

• Automated invoice entry
• Efficient approval workflows

Payment Management Tracks payment obligations and schedules payments.

• Real-time payment tracking
• Flexible payment scheduling

Vendor Prepayments Handles prepayment requests and applies prepayments to invoices.

• Prepayment tracking
• Separate prepayment accounts

Tax Calculation Automatically calculates withholding, use, and VAT taxes.

• Accurate tax calculations
• Multiple tax items per document

Expense Recognition Assigns deferred expense schedules by AP line item.

• Split payments
• Expense account management

Benefits

Operational Efficiency Streamlines accounts payable processes and reduces manual tasks.

• Automated workflows
• Consistent procedures

Enhanced Compliance Ensures continuous compliance with regulatory standards.

• Real-time monitoring
• Audit trails

Improved Vendor Relationships Ensures timely payments to improve vendor relationships.

• Reliable payment schedules
• Enhanced trust