The MasterTrak Accounts Payable application provides a tool to enable the management and control of vendor invoices.  This application allows the user to hold
invoices to the last due date and to take advantage of discounts and retainers when appropriate enabling the efficient management of cash flow.
The Accounts Payable application tracks invoices from the time they first enter the system until after they are completely paid.  Each invoice may be assigned
payment terms to determine the optimum payment schedule.  Credit and debit memos may be applied to specific invoices and an on-screen display of all vendor
invoices and the balance due is available.


General Capabilities

    Check printing                                 User defined aging periods                Cash flow analysis
    Link to General Ledger                     Miscellaneous vendors                      Direct cash disbursements
    Link to Job Cost                              Detailed invoice transactions,             Multiple vendor remit to
    Recurring vendor invoices                Subcontract management                   Supports Retention
    Payment Terms by Vendor               Override Terms by Invoice                Cash Requirements
    Payment by Discount Date               Payment by Due Date                        Payment by Job/Vendor/Invoice


Master Files and Transaction Entry

    Vendor Master                               Payment Terms                               Subcontracts
    Recurring Invoices                         Invoice Batches                               Manual Check Entry
    Adjustment Batches                        Computer Check Batches


Reporting

    Vendor Aging        
    Aging by Transaction
    Invoice Aging        
    Vendor History
    Open Invoice Status
    Cash Requirements
Accounts Payable