Accounts Payable
Costpoint Accounts Payable handles virtually any type of requirement for a project-driven business. Accounts Payable plays a critical role in expense tracking and cash management and must also interface with many other areas of the accounting system.
In Accounts Payable, you can:
- Enter vouchers
- Match invoices with purchase orders and receipts (or pay on receipt)
- Enter cost, hours, or unit information for vendors and subcontractors
- Process discount and use tax accruals
- Use laser checks
- Print 1099s
- Print checks on blank check stock
- Process electronic fund transfers (EFTs) to vendors
- Use many standard reports and drill-down inquiries.
See the Accounts Payable Task Flow diagram for related information.
- Related Topics:
- Accounts Payable Task Flow
The Accounts Payable Task Flow diagram describes the overall process involved in the Accounts Payable module. - Vendors
Use the screens in the Vendors application group to manage your vendors, vendor employees, and to print reports on your vendor and vendor employee information. - Voucher Processing
Use the screens in the Voucher Processing application group to manage, approve, and/or vouchers, and print voucher-related reports. - Payment Processing
Use the screens in the Payment Processing application group to facilitate the selection of vouchers for payment and processing of checks or Electronic Fund Transfers. - Year-End Processing
Use the screens in the Year-End processing application group to create and manage your 1099s to be used for reporting vendor payments to the United States' Internal Revenue Service - Accounts Payable Reports/Inquiries
Use the screens in the Accounts Payable Reports/Inquiries application group to view or generate reports for your accounts payable records or transactions. - Accounts Payable Utilities
Use the screens in Accounts Payable Utilities application group for processes that are not regular accounting or finance functions. - Accounts Payable Interfaces
Use the screens in the Accounts Payable Interfaces application group to import accounts payable data into Costpoint such as vendors, vouchers, company credit card transactions, and so on. - Accounts Payable Controls
Use the Accounts Payable Controls application group to configure or manage several Accounts Payable (AP) settings such as Check/EFT email settings, AP accounts, cash accounts, AP voucher settings, purchase order voucher settings, and so on. - Lien Waiver Controls
Use the screens in the Lien Waiver Controls application group to manage your lien waiver documents, project waiver information, lien waiver information, and to print lien waivers. - Vendor and Subcontractor Controls
Use the screens in the Vendor and Subcontractor Controls application group to manage vendor terms, vendor user-defined labels, subcontractor insurance types, subcontractor bond types, and to configure vendor, vendor approver, and vendor employee settings. - Related Topics
Use this section to view special topics related to Accounts Payable.
Parent Topic: Accounting