Acumatica Accounts Payable

Acumatica’s Accounts Payable software delivers robust accounts payable features, enabling you to track money owed, available discounts, due dates, and cash requirements on one unified system. Create and access anytime, anywhere.  

• Optimize payments for vendor discounts
 • Predict cash requirements
 • Expediate payments with a self-service portal
 • Eliminate errors, validate dates, & set default terms
 • Support multiple base and vendor currencies

Streamline Payment Processes and Increase Accuracy  
The Accounts Payable application streamlines your accounts payable processes and keeps outgoing cashflow timely and accurate. Accounts Payable automates the steps for receiving vendor invoices. It also keeps track of payment obligations, so you always pay vendors on time, which ultimately improves supplier relationships. Manage vendor invoices, automate payment processing, predict cash requirements, track vendor balances, optimize available discounts, and deliver vendor reports. 

Intelligent Payment Processing
Vendor Prepayments. Enter prepayment requests, issue prepayments, and apply prepayments to invoices as they are received. Keep the prepayment balance separate from the regular AP account. Match prepayments with charges and display the remaining balance after the bank charge.

Prepaid Expense Recognition. Assign a deferred expense schedule by AP line item. Split payments between prepaid accounts and expense accounts. 

AP Invoice Automated Approval and Payment. Set up automatic processes to approve payments or establish an approval process to prioritize or delay payment. Designate an account from which to pay or select a payment method. 

Use, VAT, and Withholding Tax Support. Automatically calculate use, withholding, and VAT taxes and prepare one or more versions of tax filing reports. Assign a default tax zone to each vendor. This default can be overridden during invoice entry. Tax calculation can include multiple tax items per document line, deduction of tax amount from the price, and tax on tax calculation.