Payables & Receivables
Accounts Payable Details
Advantage includes robust yet easy-to-use applications and a wide variety of reports that allow you to process payables and receivables in record time. With Advantage, your team has access to:
- Real-time processing of all records including a full audit trail of all transactions
- Importing of accounts payable and income-only records
- Easy approval of expense reports with direct access to receipts and notes
- An Expense Reports module that lets you import transactions from a file, manage receipts and approve expenses through email, our mobile app or Webvantage
- Purchase order and insertion order matching
- Alerts and controls that help you manage costs that exceed purchase orders and approved estimates
- All related information directly from the payable record including payments, disbursements and related GL entries
- Automated invoice approvals with the ability to store an electronic copy of the paper invoice with every record
- Check writing with unique features that help you select exactly what to pay based on sequential liability and other criteria you determine
- The option to automatically alert vendors via email with payment information when checks are processed
- The ability to protect yourself by sending positive pay information to your bank electronically
- An Electronic Payments feature using the Payment Manager and even earn cash back when using one of our integrated payment partners
Client Invoice Queries
- Everything you need in one window.
- Payment history and open can be found in a single view.
- All data from a project is stored and easily accessible, letting you drill down into all related project details.
- Related G/L entries are displayed and easy to find.
- Cash receipts are posted instantly against client invoices or on-account as needed. Modifications are made without removing or reversing the original check. Track both client and other cash receipts in a single application.