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Efficient control of cash flow is a key aspect in managing a successful professional services business. Elite Accounts Payable provides a wide array of tools to effectively monitor
and control cash outlays and incorporates sophisticated interfaces to Elite Billing Manager and General Ledger. Streamlines Operations for Enhanced Productivity Elite Accounts Payable was designed to efficiently handle large transaction volumes and provides tools that enhance the productivity of the accounts payable function.
Features
- Quick Check function for fast production of checks, either individually or in groups.
- Efficient single-screen entry for voucher, general ledger and billing information.
- Support for multiple checking accounts with different check formats per account.
- Laser check support to allow check stock to be loaded at all times.
- Fast, single-step void process with automated reversals.
- Hotkey from voucher entry to vendor setup for quick address changes or one-time vendors.
- Electronic loading and processing of high-volume transactions such as photocopies, telephone and delivery charges.
- Ability to define schedules for recurring entries, with options for the number of payments or start/stop dates.
- Voucher modeling streamlines data entry efforts by copying selective information from a previous transaction into a new voucher form.
- Automated production of 1099 reports and statements.
- Flexible check reconciliation to allow checks to be selected by range of account numbers or by individual check. Users can easily view all checks on the screen and select which checks have cleared.
- Vendor payment processing in the currency of choice with appropriate conversion calculations.
Powerful Cash Management and Reporting Capabilities
Elite Accounts Payable provides extensive management reporting as well as a variety of features designed to improve expense management. For example, costs can be
placed on hold for payment until reimbursement is received from a client. Accounts Payable monitors when payments are received in Billing Manager, and then releases
vouchers on hold for payment. This provides an efficient means of managing large out-of-pocket disbursements and improves the firm’s cash flow position.
Extensive management reports include:
- Cash Requirements
- Vendor Analysis
- Check Register
- Vendor Trial Balance
- Days Until Due
- Bank Reconciliation
- Tax Reports
- Vendor Labels
For more information on Thomson Elite, please complete our sales request form or call +44 (0) 20 7369 7379.
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