Accounts Payable Year-End Procedures
End of procedures for ACS Accounts Payable.
Accounts Payable provides a check writing system that can handle accounts payable for multiple vendors. Each vendor's information is kept separate, and you can process regular, recurring, or one-time invoices. You can also set up each vendor's payment method, such as ACH, online, or check.
In Accounts Payable, you can generate Forms 1099 and 1096, print vendor labels, and print a Year-to-Date Purchases list and other reports. You can also electronically file Form 1099 and Form 1099 corrections.
Accounts Payable interfaces, or shares data, with General Ledger, so entries posted in Accounts Payable also post to the general ledger at the same time. Accounts Payable also shares data with Purchase Orders so that you can create an accounts payable invoice from a purchase order.
ACS Technologies offers annual tax updates to keep your forms up-to-date. You must load the tax update before printing Forms 1099 and 1096.