Accounts Payable Processing

OGsys AP processing is used to record and pay invoices, view a vendor's account activity on screen, and process 1099 forms at the end of the tax year. The efficiencies of AP processing are realized through time-savings, directly related to the method of entry used in its processing window. Many checks and balances exist to assist the user as data is being keyed into the primary entry screen. The program tests for duplicate invoices, correct line level billing, proper account and well coding as well as gross to net calculations. OGsys supports electronic upload of AP Invoice data.

At the time an invoice is posted to the accounts payable ledger, all general ledgers (including subsidiary companies), billing ledgers, and sub-ledgers are updated. This feature provides management with instantaneous financial reporting capabilities.

AP processing functions around two activities: input and reporting. AP reporting to management, vendors, owners and many other outside agencies is critical to any application's success as a support tool for daily operation. In this regard, the OGsys AP function is a key strength to the overall application.