Sage MIP Fund Accounting Accounts Payable Module

The Accounts Payable module is an easy-to-use, flexible system that lets you to set up and track an unlimited number of payable accounts. Accounts Payable transactions simultaneously update the general ledger and vendor accounts and let you view payments by vendor throughout the system.

• Flexible processing—Record invoices and credits from vendors, select invoices to pay, print checks or record manual payments. Security features allow you to isolate tasks for strong internal controls.
• With this accounts payable process, enter invoices quickly using time-saving entry features - Balance payables entries automatically or use the distribution feature to automatically allocate entries. Includes keyboard shortcuts and the ability to set entry defaults for every session.
• Store vendor records—Maintain detailed profiles for routine vendors that outline payment and contact information, discounts available, default coding, notes, track custom fields, and more. Save time by updating vendor information on-the-fly while entering payables transactions. Easily rename vendors when company consolidation occurs while maintaining historical data.
• Track vendor payments—Whether writing checks on-the-fly or using batch process invoice and payment entry, the accounts payable process gives you the ability to track transactions by vendor.
• Tools for invoice payment selection—Select all invoices for payment, mark each invoice individually or use pay criteria to define which invoices to pay in each check run.