Acumatica Accounts Payable

Power Your Business with Acumatica Accounts Payable

With Acumatica’s accounts payable software, you can monitor your cash flow by tracking all your outstanding invoice payments as well as available discounts, due dates, and cash requirements. And because our accounts payable solutions run in the cloud, you can access your reports anytime, anywhere by opening a web browser.

Accounts payable software automates receiving the invoices from your suppliers and sub-contractors. It also ensures timely and accurate payment to those creditors, which can improve your relationship with them because they appreciate it greatly.

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Powerful Benefits of Acumatica Accounts Payable

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Attach Source Documents to Invoices

Streamline invoice approval and make it easier to resolve issues in the future. When you receive source documents via email or scanning, they’re attached to the invoice for easy drill-down access. Once files have been attached to one document within the system, the file can simply be linked to additional documents or records without uploading the file again.

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Accept Vendor Prepayments

Enter prepayment requests, issue prepayments, and apply prepayments to invoices as they are received. Prepayment balance is kept separate from the regular AP account.

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Recognize Prepaid Expenses

Assign a deferred expense schedule by AP line item. Automatically split payments between the prepaid account and expense accounts.

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Optimize Payments

Avoid late charges and take advantage of vendor discounts by aligning payments with cash flows.

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Faster Delivery, Fewer Errors

Enter data more efficiently with predictive entry and flexible screen layouts. Reduce errors by setting default accounts, subaccounts, payment terms, and discounts by vendor.

Acumatica Approving and Paying Bills
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Calculate Taxes Automatically

Automatically calculate use and VAT taxes and prepare tax filing reports. Assign a default tax zone to each vendor. This default can be overridden during invoice entry. Tax calculation can include multiple tax items per document line, deduction of tax amount from the price, and tax on tax calculation. Acumatica accounts payable software also supports withholding tax calculations.

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Streamline Invoice Approval and Payment

Save time with accounts payable solutions. Set up the process to automatically approve for payment or follow an approval process to prioritize or delay payment, before these documents are processed in the accounting systems and paid. Designate an account to pay from, or select a payment method.

Important Features of Acumatica Accounts Payable

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Multiple AP Accounts in GL

Link groups of vendors to specific AP accounts in the GL. Default account can be overridden during bill or payment processing. Acumatica automatically offsets the correct account when the payment is applied.

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Multiple Currencies Support

Issue or accept invoices in a foreign currency. Use accounts payable automation to apply the effective currency rate and make the translation without any work for your staff. Currency triangulation and realized gain/loss calculations are automatic. Unrealized gains and losses can be calculated through a balance revaluation process.

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Recurrent AP Documents

Create recurring bills by setting the frequency and time frame for payment. Recurring bills will appear in the recurrent transaction processing screen for review, modification, and release.

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Vendor Refunds

Vendor refund documents debit a cash account and debit an AP account. Apply a refund toward a debit adjustment or prepayment.

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AP Aging Reports

Customize your AP aging categories and create a full set of aging reports including total outstanding, past due, cash requirements, and vendor performance.

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Vendor Account Security

Control access within your accounts payable software by specifying which individuals and roles can view and modify vendor account information and balances. Restrict sensitive vendor information.

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Audit Trail

Maintain a complete audit trail of all transactions. Documents cannot be deleted or cancelled. Correct mistakes using correcting or reversing entries. Acumatica accounts payable solutions capture the ID of the user who entered the transaction and the user who modified the record. Notes and supporting electronic documents can be attached directly to the transactions.

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Create AP Documents from Inbox

Apply AI/ML technology to import PDF documents from files or directly from email attachments and transform them into AP documents.

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1099 Reporting

Accumulate 1099 information for any designated vendor. Track 1099 payments and produce the appropriate 1099 reports. Multiple branches can close books (tax periods) independently of one another.

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1099-NEC Support

Automatically generate form 1099-NEC for nonemployee compensation without impacting vendor defaults and current processes. 1099-NEC and 1099-MISC report E-filing are both supported.

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