AccTech AP Reimbursement

AccTech Systems Development
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AccTech AP Reimbursement

The AP Reimbursement module enables a business to include three different types of Vendor discounts, per Vendor, which are automatically deducted from the Vendor payments. The discounts taken and the relevant VAT values can be posted to three respective GL accounts.

The relevant discount structures are set up, per Vendor in the AP Reimbursement module. When payment is made through Accounts Payable, Accounts Payable reads AP Reimbursement and deducts the discounts from each Vendor Invoice payment accordingly.

Process

  • Vendor discounts are set up in AP Reimbursement module.
  • Invoices are captured in AP Invoice batches.
  • Payment processed through Accounts Payable – discounts are deducted per AP Reimbursement.
  • GL Journal created and posted via Accounts Payable.