ISB Accounts Payable Module
Our Accounts Payable module is designed for ease of use by multiple payables clerks.
Accounts Payable departments need to get work done without conflicts for resources. As a company grows and adds personnel to the payables department, it needs to enable entry clerks to verify their own work while also merging that work as a team.
ISB enables that work by giving Accounts Payable clerks their own space for invoice entry and verification. After invoices are verified, they are merged into open payables where they are then operated on as a group. This enables large teams to work together without creating contention for resources.
Payables for multiple divisions such as different companies, locations, or departments can be worked on simultaneously. Similarly, invoices to be paid from different bank accounts can be prepared at the same time.
Vendors can be paid via Automated Clearing House (ACH) transactions. In addition, positive pay is fully supported to enable your business to notify the bank of approved checks. And of course, paper checks are fully supported - with customized check layout to match your preferences.
In addition, different payables clerks can be assigned unique check number ranges, enabling you to further organize your Accounts Payable department. Check number history is saved forever by keeping all transactions in checkbooks which can be closed and archived.
IRS forms 1099 are automatically generated for easy year-end closing. For vendors that are shared across multiple companies an appropriate 1099 is generated for each company.
Whether your Accounts Payable department is large or small, spread across many divisions or just a single person, ISB provides what you need. Want to know more? Contact us and we will be happy to answer your questions, show you a demo, or discuss whether ISB is right for your business.