Accounts Payable
The Newzware Accounts Payable system manages all suppliers and their invoices. Coupled with the Newzware Circulation system, independent contractors
can be paid by Direct deposit or through checks based on parameters set in Circulation and issued 1099 forms through A/P. Reconciliation of all
checking accounts is a snap with a full and descriptive audit trail for each transaction.
Supplier payments are kept by year of payment for easy reporting and payments can be consolidated or separate with default invoice amount
distributions. You can optionally hold payments from certain suppliers or discreet invoices. Discounts are automatically applied where appropriate.
All payment previews are non-destructive.
Features and Benefits
Flexible invoice payment through Direct Deposit or on user-defined check stock including plain paper with MICR print fonts
Supplier payments kept by year, for reporting purposes
Consolidated or separate payments, with default invoice amount distributions
Optionally hold payments from certain suppliers or invoices
Unlimited credit notes and invoices per supplier
Automatic or manual invoice numbering
Automated payment date and terms with manual override
Supports recurring invoices, weekly, bi-weekly or monthly
Discounts automatically applied where appropriate
Non-destructive payment preview
System Administration schemes for error log, lock file and maintenance of report structures
Application of credit notes automatically or to specific invoice
Invoice payment through any date range
Ability to cancel payments, reprint or reissue checks
Manual payment entry support
Bank reconciliation using range of payment numbers
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