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 2019 64-bit
	Windows Server 2016 64-bit
	Windows Server 2012 64-bit
	Windows Server 2003 64-bit	Windows Server 2003 32-bit
	Windows Vista 64-bit	Windows Vista 32-bit
	Windows XP	Windows 95
	Windows	Windows For Workgroups
	Windows NT	Novell
	MS-DOS
Minimum Memory:	512MB

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:

• Vendor and open item information is accessible at any time for reporting, inquiry and updating.
  
• Liabilities are automatically aged.
  
• Cash requirements are projected, and available discounts are identified.
  
• Invoices can be paid on a selective basis.
  
• Cheques are automatically written.
  
• Timely reports are generated to assist in management analysis and planning.
  
• This package forms a portion of our integrated Accounting System which also includes General Ledger, Accounts Receivable, Order Entry, Inventory Management and Payroll.

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