Payables Introduction

The Accounts Payable module is fully integrated with the rest of the PSP system so you can pay vendors with 100% accuracy and confidence. You can create vendors in-line as you enter invoices and generate payable entries with ease. When producing a payroll run that has employee benefit deductions, the PSP system automatically deducts the premiums and creates an invoice to the vendor's account. The Payables module has other unique features:

• In-line data entry for vendors
  
• 1099 reports
  
• Intelligent month-end reports
  
• Recurring payables
  
• Different dates for invoices and posting
  
• Loan and amortization schedules
  
• Cash management reporting
  
• Various invoice payment selections
  
• Vendor label options.