The Accounts Payable module is a feature-rich payables processing application that does much more than keep track of cash flow. Payment priorities are assigned by vendor, creating a scheduled order for payment of outstanding invoices. Workers Compensation and Insurance Expiration Dates are tracked by contractor and job.
Method of Payment includes Quick Check, Regular Check, Joint Check, and On-line Electronic Payment recording. Waivers of Lien and Affidavits of Work Performed can be printed upon demand. Taxable or Exempt status of entries is controlled at the line item level. Direct Pay Tax reports are available for tax remittance needs. The 1099-MISC, 1099-INT, and 1099-DIV forms are supported for printing at year end. Expenses assigned to individual jobs will update the Job Cost and General Ledger Modules as inputs are posted.