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.

Features of AP Reimbursement include:

• Individual discount percentages – per vendor.
• Separate General Ledger accounts per discount type.
• Separate VAT accounts per discount type.
• Automatically recoup discounts allowed.

This screen displays the Vendor Discounts - amend discount rates and / or account numbers.

AP Reimbursement is not available as a downloadable trial version from this website. To view a product demo or technical documentation, contact our Development team on Tel: +27 12 664 0200 or email: sales@acctech.biz