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Maximize your cash resources and simplify payment processes with flexible, integrated accounts payable operations.
With detailed vendor records, you can specify payment terms, including purchase discounts that are applied to purchase orders as they are created.
Benefits:
- Control your payables. Manage your expenses more effectively with automated payment scheduling and tracking, electronic document approvals, and real-time information about cash flow status.
- Optimize your financial status. Add business value with tactical timing of cash flow disbursements and targeted use of invoice discounts.
- Improve purchasing power. Negotiate better terms and contracts with access to account balances and purchase information by vendor.
- Simplify expense allocation. Defer payments or costs over multiple periods with automatically managed calculations and customizable journal entries.
- Streamline common tasks. An easy-to-use, graphical interface helps finance professionals quickly access the information they need and drill down to critical accounts payable details.
Financial success in business is not just about paying bills—it is about protecting your profitability. Payables in Microsoft Dynamics™ NAV can provide your business with streamlined, end-to-end cash management services. Timely and accurate information about cash flow and discount opportunities can help you maximize your organization’s purchasing power while automated calculations and support for prepayments help drive efficiency. With robust vendor account functionality, including intercompany invoice posting, you can also make payments to comply with vendor terms, strengthening critical business relationships.
Features:
- Purchase invoicing. Post and print vendor invoices and purchase credit memos with purchase invoicing. Vendor transactions, including invoices and payments, are automatically posted to your general ledger without manual data entry.
- Intercompany purchase cost distribution. Quickly distribute vendor bills to subsidiaries with consolidated accounts payable processes that eliminate manual distribution of purchase invoices.
- Recurring journals. Streamline processes by using recurring journals for your most common transactions, such as monthly lease payments or Internet access bills.
- Multiple currency support. Define the currencies for business transactions and determine how those currencies are rounded and posted. Calculate the exchange rate gains and losses automatically. Specify a default currency for each vendor and manage the entire account in that currency, including payments.
- Standard purchasing. Automate repetitive purchases by setting up standard purchase lines to insert into purchase orders.
- Payables management. Prioritize the order in which vendors should be paid or determine payment schedules by discount availability. Stop payment on specific purchase orders until purchase invoice approval, or block specific transactions that require investigation.
- Vendor account management. Establish account records for each of your vendors that specify payment terms such as currency, tax information, and payment due dates. Get in-depth statistics about vendor balances, total purchases, and payments.
- Payables reporting. Create a comprehensive suite of payable reports that can be sorted by calendar or fiscal year with on-screen display and search.
- Sales, use, or value-added tax processing. Calculate use tax when purchasing from vendors and track any sales or value-added taxes (VAT) you pay to vendors on fixed assets for expensing purposes.
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