With the RentalMan Accounts Payable System, customers can maintain their company finances at maximum levels while issuing disbursements on time.
The RentalMan Accounts Payable System helps companies control vendor invoices and payments with flexibility and efficiency. As a result, users are able to maintain their finances at maximum levels and issue disbursement on time to take advantage of favorable discount terms. Customers can also run a variety of reports through the Accounts Payable System such as cash requirements, open payables, purchase journal and cash disbursement journal recap, notes payable summary, and vendor analysis reports.
Invoices
Add or update invoices as needed. Store invoices with multiple occurrences as recurring batches, allowing the single entry and posting of an invoice. Flag recurring invoices when fully paid using the system's recurring batch and quantity feature.
Vouchers
Automatically check invoice numbers to reduce errors and eliminate double payments. Prevent payments by using user-defined halt codes or assigned halt codes. Generate checks and select payment on demand. Integrate accounts payable with the purchasing system to enable purchase order audits and to match dollar amounts with purchases. Reverse checks, interface with the general ledger, debit cash and accounts payable and void checks online.
Reports
Track information on vendors, vouchers and journal entries through a multitude of reports. Access invoice records, both open and paid, by vendor, check or invoice number. Consolidate multiple invoices per vendor for a single-check issue. Review detailed and summary information for check stubs and remittance advice.
Notes
Automatically enter notes about long-term and short-term liabilities to the general ledger. Tie various notes to the equipment financed, and see payoff information and amortization schedules.