The WinMAGI Accounts Payable module provides full multi-currency handling. Each bank account has an identified currency, and more than one bank account can be set up for each currency.

Each supplier has a nominated terms code to identify when payments are required, as well as when any prompt payment discounts fall due. The “due for payments” selection can include payments to be made to accept any prompt payments discounts that are available.

The “due for payment” run selects all payments to be made on or before a given date. You may classify the type of payment – cheque, direct payment – against each vendor, and thus create a “Due for payment by Direct Debit” selection if required.

The system allows for prompt cheques, the logging and processing of manual cheques as well as an automated “due for payment” process. A complete history of all taxes paid by transaction is available. Comprehensive aging enquiries and reports can be produced as required.

Accounts Payable requires the Purchasing module.

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