Accounts Payable tasks aren’t thought of as the sexy part of an accounting system – unless you do it all day. When you need to match payables with receivings and reconcile the costs of receiving goods with a vendor’s invoice you’ll quickly learn to appreciate how Foundation 3000™ can keep your payables on track with cash flow.
Add to that the built-in EFT (Electronic Funds Transfer) capability, and you’ll find you have time for those extra projects you’ve been meaning to get to.

Here’s a look at how life is about to get easier for you;

• Powerful AP cheque-paying utility allows you to select invoices for payment on a per-vendor or a date cut-off basis or both, with or without discount deadlines taken into account. You can still modify your selection at that point on an individual invoice basis, with running cheque and cheque run totals displayed at all times. Invoices being paid are displayed on cheque stubs
• You can print your cheques immediately or preview your cheque run on-screen before posting to minimize errors. The system also allows you to issue cheques from bank accounts denominated in a foreign currency for invoices of that or any currency, automatically performing all necessary GL adjustments based on the date-applicable currency rates entered
• One of the strongest features of Foundation 3000™ is the ability to match received inventory with invoices from a supplier. This can be a problem in many accounting systems where items may be unaccounted for or charges may be incurred for items not received. The system not only allows an invoice to be reconciled against multiple receivings but also against particular lines within each receiving. In this way all items which have not yet been invoiced can be quickly identified and paying an invoice for items not received can be prevented.
• Royalty System allows for tracking and payment of multiple royalties due on inventory items by per cent or dollar value, even on multiple CD’s, videos or on Art where an Artist is to be paid
• Unlimited bank accounts in any currency
• Document history tracking enables easier tracing of invoices
• Ability to issue and receive, pay and receive payment for invoices in multiple currencies. Even issue a cheque on a Canadian bank account and print “USD” on cheque, or visa-versa on a USD account cheque. Pick up currency variations at time of bank reconciliation. 
• Revaluation of invoice transaction amounts due to currency fluctuations is automatically tracked, and discrepancies are posted upon invoice payment or adjustment to designated Currency Gains and Losses accounts. Scheduling of automatic online currency updates is available.
• Vendors often insist upon being given reports on sales of their specific products at awkward time intervals. The system allows for the preparation of those reports on a time basis, including the date required, the date range, report name, supplier name and all line item information normally used for report generation. When a given report is due, the user may generate the report, save it and either print, fax or e-mail it to the Vendor according to a predefined time schedule
• Unlimited contacts per vendor with fields for email and cellular phone information and more
• EDI invoices are easily transferred into the system after the EDI partner initialization is completed
• Vendor pre-payments such as deposits on orders are easily issued wherever required
• Vendor Claimbacks and Rebates may be set up and easily maintained, tracked, and payment received

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