Accounts Payable – R12

AP Overview

CMiC Enterprise’s Accounts Payable (AP) module is one of the key financial modules within the system. The AP module not only tracks vendor balances and produces checks, it is also fully integrated with the US Payroll, Job Costing, Subcontract Management, Equipment Costing, Material Sales, Preventive Maintenance, Imaging, and Work Flow modules to ensure timely and accurate reporting in all modules, and to consolidate vouchers into one place. Vouchers in the AP module can be entered through these modules, which includes the entry of vouchers through imaging modules. Also, vouchers may be created automatically from the Payroll module, if set up to do so.

Purchase orders can be matched against supplier invoices, and unique payment terms can be entered either at the time of purchase order entry or invoice entry, as required.

Subcontracts can be created through the Subcontract Management module or from CMiC Field. Subcontract creation allows users to define key Accounts Payable features, such as setting up of payment terms, currency code, check handling code, tax calculation method, and others.