FOURA Accounts Payable (AP) helps you meet your obligations to your suppliers and stay on top of your cash flow requirements.
With FOURA’s AP you can create and maintain your suppliers, and assign default payment types, terms, currencies and incoterms, remit to addresses, contacts, and items. Select 1099 and SBA classification categories used for reporting purposes. Attach supplier specific documents like W-9 forms or contracts to the supplier form, so you can easily view them when you need to.
FOURA’s AP is fully integrated with Purchase Orders. Enter the purchase order number in the AP voucher entry form – and the form populates the items received for that purchase order, and automatically brings in the accounting codes from the purchase order. Match the invoice lines to the receipt and away you go – true process-based three-way matching! Not every AP invoice originates from a purchase order – use the Non-PO AP invoice type for those, and free form entry.
All supplier defaults populate in the AP invoice entry form, but can easily be modified for special circumstances. FOURA AP automatically calculates Pay Dates and discounts based on the supplier terms selected – so when paying invoices, you don’t pay more than you need to! Select and pay AP invoices by due dates and payment types (check, wire transfer, credit card, or ACH) and manually edit the list to line up with your cash flow needs.