An Integrated Business Solution

The Accounts Payable module of OMS ERP delivers a comprehensive business solution for managing your expenditures. The OMS ERP Accounts Payable module provides you with the tools for recording transactions and obligations to vendors and creditors. The OMS ERP Accounts Payable module delivers flexible cash disbursement and check writing capabilities. The rich content of financial reports, including payables aging and future cash requirements, presents valuable business insight for informed decision-making.

OMS ERP Accounts Payable is Flexible and Powerful

The benefits of the OMS ERP Accounts Payable module is that it is built with accounting controls needed by start-up distribution companies, growing distribution companies, and global distribution companies and can be structured by department or division, use multiple bank accounts, audit changes throughout the vendor master file, allocate open accounts payable transactions on inbound purchases, deliver the ability to add new vendors, schedule automatic payment selection, provide check printing on standard or custom stock, invoice history retention, check reversing, and more.

Integrated to the OMS ERP Purchase Order Module

When inventory is received the costs of the inbound shipment can be disbursed to the OMS ERP Accounts Payable module as an open invoice to be paid. These transactions are now recorded as open items saving you the need to enter the invoice and create the general ledger journal entry.

Features Include:

Automatic Payment Selection – Select invoices for automatic payment based upon the due date, or vendor. Select individual invoices for full or partial payment. Place vendors “on hold” to prevent payment.

History Retention – Invoice history file provides a detailed record of accounts payable invoices, including detailed distribution of expense amounts to various general ledger accounts. The detailed Check History report provides a complete record of invoices and payments for each check.

Checks - Print Accounts Payable checks on standard or custom check stock or use blank check stock with MICR encoding. Print two check stubs on a single page to accommodate laser-printed checks.

Extended Stub Report - Print an optional Extended Stub report, which can include invoice detail for all checks, or for checks where information did not fit on one stub.

Manual Checks - Record handwritten checks, reversals, and voided checks, then print individual checks from the manual check entry program.

Accounts Payable and Accounts Receivable Clearing - Apply invoices automatically or selectively to the vendor’s balance, eliminating the manual matching process of issuing checks and posting payments. This is especially helpful for accounts receivable customers who are also accounts payable vendors.

Vendor Memos - Enter and maintain vendor memos for individual vendors with full text-editing capabilities. Flag selected vendor memos to automatically pop up during data entry programs, so you can see critical information.

Vendor Master File Audit – Audit changes, deletions, or additions to the vendor master file.