![]() Generate cash requirement reports using invoice due dates to determine upcoming cash needs. Backdate these reports to any previous date to reconcile the AP subledger with the general ledger. Generate accounts payable aging reports to review current liabilities as well as retention payable balances. View this information by company, by vendor, by job, by purchase order or subcontract, etc., for a given date range. Review purchase history and/or open payable status information via online inquiry windows or standard PENTA reports. Issue disbursements from multiple bank accounts in US or Canadian currencies.Generate pre-check register reports to confirm the accuracy of the items selected for payment.Employ job and vendor-specific processes for managing payment of retention balances.Select invoices for payment using a combination of invoice attributes.PENTA Construction Software includes a rich set of features governing invoice payment, including: Examples of the automatic hold conditions PENTA allows you to check for include subcontractor compliance issues, owner pay when paid, purchase order status is pending, vendor status is on hold, etc. Through a combination of automatic hold conditions and an unlimited number of manual payment hold codes PENTA allows you to withhold vendor payment when conditions exist that warrant a payment hold. Extensive editing is performed to ensure invoice information is accurate. The discount date and payment date are automatically calculated based on the vendor’s or PO payment terms. PENTA tracks several dates on each invoice including invoice date, discount date, due date and posting date. Record and distribute vendor invoices against purchase orders and subcontracts or as direct cost to jobs, work orders, equipment or overhead expense (or any combination of these). Identify vendors who require lien waivers (optionally identify on a job / vendor level)Īccounts Payable Software: Recording Invoices.Flag 1099 vendors and default earnings code.Maintain master agreements for subcontractors.Define an unlimited number of addresses for a single vendor, or set up each vendor location with a unique vendor Id and link them via a “parent” vendor Id. Maintain a single list of vendors across all companies and / or business units for your organization, with the option of limiting specific vendors for use by a company or business unit(s). ![]()
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