The IBS Accounts Payable (A/P) is a sub-ledger in IBS Financials where you can process all your supplier accounting transactions. You can operate A/P as a stand-alone module or you can integrate it fully with IBS Distribution's purchase order processing routines with the G/L.
The A/P module is very powerful and flexible in its operation. It is full multi-currency with all transactions stored in the transaction currency, the primary currency of the supplier and the system currency.
Your A/P key processing options are:
- Maintenance of supplier information
- Invoice registration and processing
- VAT handling and expenditure accounting
- Payments to suppliers
- Enquiries and reports