PREPAID & ACCRUALS
The Prepaid & Accrual application automates the setup and tracking of prepaid and accrual items. An intuitive interface allows easy setup of odd amounts and tracking of posting history, current balance reporting, and allocation tables, for unrestricted expense distribution and balancing reports. The Accounts Payable application electronically transmits paid invoices to the Prepaid & Accruals application.
Automate the setup and tracking of prepaid and accrual items
Easy setup and management of prepaid and accruals
The Accounts Payable application electronically transmits paid invoices to the Prepaid & Accruals application
Features:
- Quick prepaid input with direct invoice and image integration from Accounts Payable
- Handles both prepaid and accruals
- Balances reports on-demand: by GL, Branch and Cost Center
- Searches by vendor, item number, or description
- Allocation tables allow for automated unrestricted expense distribution
- Allocation of odd amounts on prepaid items
- Interface amortization to GL with descriptions
Add-On Solutions
Multi-Company
ASCEND offers an unlimited number of companies or paying institutions in one database. Each company has its own set of users and permissions with the ability to interface to their respective General Ledgers.
Inter-Company
When having more than one company, ASCEND allows for an invoice to be paid by one company, while splitting the expense of that invoice with other companies’ GL.