Polymathic Group

POLYMATHIC PRESENTS

ACCOUNTS PAYABLE

Basic Product Information


Version: 7.0
Publisher: Polymathic Computer Corporation
Address: 100-245 Yorkland Blvd.
Toronto, Ontario M2J 4W9
Tel: (416) 490-8010
Fax: (416) 490-8275
Copyright held by: Polymathic Computer Corporation
Trademark held by: Polymathic Computer Corporation
Operating Systems: Windows Server 2003 64-bitWindows Server 2003 32-bit
Windows Vista 64-bitWindows Vista 32-bit
Windows XPWindows 95
WindowsWindows For Workgroups
Windows NTNovell
MS-DOS
Minimum Memory: 512MB

Overview

The Accounts Payable system offers a complete, easy to use procedure for the verifying and recording of liabilities, the timely payment of obligations and assures that current information is available for use in determining future cash requirements, and planning for the maximum use of cash resources. The advantages of this system are:


Commonly Asked Questions

  1. Which accounting method(s) can be used for accounts payable? cash & accrual
  2. What is the maximum number of vendors which can be created and maintained in the vendor file? limited only by disk space
  3. What is the maximum number of accounts payable which can be open at any one time? limited only by disk space
  4. How many different chequing accounts can be used for accounts payable? one
  5. Which information is created and maintained in the accounts payable vendor file? name and address
    personal contact and phone number
    vendor number
    terms of payment
    due days after invoice date
    discount percentage
    year-to-date purchases

  6. How does the Accounts Payable system assist with the preparation of cheques? preparation of amount due report
    print the cheque (including MICR encoding)
    preparation of disbursements report

  7. Can prenumbered cheques be used with the software? no
  8. Can the Accounts Payable software calculate and apply discounts automatically? yes
  9. If the system can automatically calculate a discount, can the discount be overridden? yes
  10. How can the discount be overridden? by selected vendors or by selected invoices
  11. Can expenditures be allocated to specific profit centers? yes
  12. Can expenditures be allocated to specific jobs?
    yes
  13. What reports can the Accounts Payable system produce? open item report for all accounts payable
    open item report for a specific vendor
    cash requirements report
    aging reports by due date
    purchase journal (voucher register)
    vendor list

  14. Can a prepayment report which compares several different payment schemes prior to printing cheques be produced?
    no