Purchases & Accounts Payable

System which takes care of registration and follow-up purchases movements established suppliers and control transactions.

Key Features

• Vendors are defined with such information as name, address, type, phone as well as the balance of the vendor in the different currencies.
• Keeping a cross –link between the vendor and the items he supplies in addition to the update of the item price according to the last purchase price.
• Support of multiple branches.
• Identification of back- ordered items according to the item at the re-order level, those in the sales orders and not
  available in stock.
• Purchase invoice can be linked to a specific order where it is audited by comparing the item, the quantity,
  and the price with corresponding information recorded in the order.
• Discount is defined for each item or the invoice as a whole with the totals before and after the discount.
• Taxes, including sales taxes are supported.
• Purchases returns form is designed to take care of the returns of the purchased items, where it automatically
  recalculates all taxes and discounts that took place in the purchase invoice.
• Support of vendor settlements which affect the balances.
• Linked to the Treasury and Banks module to hold the payments and the refunds of the vendors.
• Linked to the General Ledger module to hold in its purchase subsidiary journal all the transactions of purchases and returns.