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.
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