Abelisk is a rules driven system where you set the rules.
Abelisk™ Accounts Payable Module Advantages
- Vendor Invoices and credits from PO create open payables in the pay currency
- Vendor invoices, credits, debits and adjustments can be entered directly into AP in any currency with the same or a different pay currency
- Accounting for expenses is simplified though pre-defined distributions by vendor with either automatic or manual selection when the transaction is created
- Each vendor may have multiple distributions pre-defined
- Exchange rates can be based on market rates or pre-set
- Holdbacks/retainers can be tracked
- Terms, taxes and other information automatically defaults from the vendor
- A single or multi-level approval process can be required on transactions
- Repeating invoices can be automatically generated
- Open payables can be managed for payment taking early payment discounts and adjustments, as relevant
- Payments can be made in any currency either electronically or by check
- Payments can be made to a master vendor, if required
- Cash payments can be reconciled against bank charges
- All transactions are tracked by batch number
- Transactions commit by fiscal year and period with user limits on prior and post periods allowed, including number of days. You control when fiscal periods close
- Completed transactions are retained in history for later review and analysis
- Open payable reports, aging reports, vendor reports and more can be generated
- Dashboards can be user defined with multiple formats