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Sage MAS 500 - Core and Advanced Financials

Accounts Payable

The Accounts Payable module for Sage MAS 500 ERP helps you save time, reduce administrative costs, and gain better control over your business processes by automating a wide range of vendor-related tasks.

With a variety of advanced customization options, the Accounts Payable module lets you specify vendor management procedures and processes to suit the needs of your organization. The system makes it simple to enter a default general ledger account to the vendor class, or to a batch, and track expenses by department or location. You can also fulfill specific vendor requirements quickly and easily by assigning a default item, 1099 information, payment terms, and tax codes to each vendor. For vendors that are also customers (in the Sage MAS 500 Accounts Receivable module), the Accounts Payable module can automatically calculate the appropriate payment amount and net of money owed to you by the same entity. This ensures that payments are made to trading partners only when the net balance requires it.

In addition to providing maximum flexibility, the system gives you fast, easy access to the information you need for day-to-day tasks and period-end processing, including vendor statistics, aging, and transaction information.

Accounts Payable simplifies voucher entry by automatically calculating sales taxes, discounts and due dates, as well as by defaulting general ledger accounts, payment terms, and 1099 information. Because you can set up recurring vouchers, you’ll save time and maximize productivity by eliminating duplicate work each month. Simplified period-end processing can further improve your productivity.

Accounts Payable Highlights:

  • Automatic payment selection
  • Divisional payables and multiple bank accounts
  • Cash requirements forecasting
  • Use tax and freight allocation
  • Automatic clearing with Accounts Receivable
  • Electronic 1099 filing with Magnetic Media Reporting module

Download the spec sheet for more information on module features and reports.

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