Payables Software

Buying a new account payable system when you have not bought one before can be daunting. There are so many good and not so good ones on the market, you can be overwhelmed with information before you even start.

 

If you look for this features in every payables software you consider, however, it could make your job much easier.

 

Multiple payment types -- If it seems as though it is always confusing paying suppliers with a variety of payment types, if you look for an account payable system that allows for multiple payment types, it will be much easier for you.

 

If you find a good account payable system, you should be able to eliminate paper checks as well, making life even easier for you.

 

A one-stop shop for payment to suppliers -- Suppliers are often nervous about getting paid on time. What with having to wait for your purchase order, submit and invoice and then wait to get paid.

 

Find an account payable system that is so well designed it is a one-stop shop for everything the supplier needs. This will eliminate their stress, and make it even easier for you to pay them on time.

 

Automated invoice management -- Buy a new account payable system that has an automated invoice management system built into it.

 

This will allow you to set it up so that invoices are automatically created by the computer at your request, then are printed out automatically as well. This can cut out many steps during the invoicing process, and free you up to work on other things that are even more important.

 

To find the top systems for your needs, ask other accountants you know which programs they use and if they like them. Also contact any accounting organizations you may belong to, and ask for their help too.