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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 |
