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accounts payable software

   Also found in: Financial, Wikipedia 0.01 sec.
accounts payable software
Financial software that deals with money owed by the organization to vendors. It summarizes the amounts owed, handles partial payments and vendor credits and also manages vendor terms, sales taxes payable and 1099s.


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The full suite includes cost center, branch and department accounting functions, accounts payable software, vendor information, laser check printing, asset-liability management and a 5300 Call Report preparation tool.
Most businesses write their checks through accounts payable software, thusly don''t have an easy or standardized way to effectively transmit payments electronically.
Purchasing and Accounting Processes ** Update accounts payable software.
 
 
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