Accounts Payable

Accounts Payable

The Accounts Payable (AP) module is used to track vendor invoices, automate payment processing, predict cash requirements, track vendor balances, manage available discounts, and deliver vendor reports.

View Datasheet

Bill Entry

Bills Approval

Release Checks

Highlighted Features

  • VENDOR PREPAYMENTS: Enter prepayment requests, issue prepayments to vendors, and apply prepayments to vendor invoices once they are received. The vendor prepayments balance is kept separate from the regular AP balance in order to maintain deposits as an asset account.
  • PREPAID EXPENSE RECOGNITION: Each AP line item can be assigned a deferred expense schedule so you can accurately recognize expenses in the proper reporting period. Acumatica will automatically split the expense between the prepaid expense asset and expense accounts and recognize the expense after running the prepaid expense recognition process.
  • PAYMENT APPROVAL PROCESS: Bills can be automatically approved for payments or go through a payment approval process so you can prioritize or delay the bill payment. Once the bill is approved for the payment you can print the check or issue an electronic payment
  • USE, VAT, AND WITHHOLDING TAXES: The AP module automatically calculates Use and VAT Taxes and prepares reports for tax filing and reporting. Acumatica also supports withholding tax calculations.
Complimentary software audit. Schedule now
Is your system healthy?

After our Company tried working with a ‘large consulting firm’ and enterprise software that choked our processes, as CEO, I decided we should return to the hands-on support we had previously enjoyed with Advanced Business Software Corp. and their staff. Three years later I can say with confidence that this was the best decision we have made in the recent history of our nearly 30 year-old sales and distribution company. Advanced Business Software Corp. effectively provided a solution that was practical and economical and returned our Company to a leadership position as a niche player in the Dental industry.

CEO, Brasseler USA

Software We Work With