DataRapt ERP AP Prepayments System

Posted by Gerry Poe

datarapt erp ap prepaymentsDataRapt new product enables suppliers to be prepaid before goods or services are received.
The AP Prepayments system enables you to record prepayments to suppliers for goods or services before they are received regardless of whether the supplier has provided an invoice. The AP Prepayments system can benefit any company that pays for goods and services upfront.

You can be prompted (selectively with optional filters such as supplier branch, cur­rency etc.) to post a prepayment when a purchase order is created or after a sup­plier invoice has been registered. Alternatively, prepayments can be posted manu­ally either with or without a link to a purchase order or registered invoice. Setup options determine whether the payment can be processed immediately. When the supplier’s invoice arrives and is captured or the registered invoice is approved, the supplier’s invoice can then be matched to the prepayment. The AP Prepayments Query facilitates control of the prepayments control account and visibility of prepay­ments made to suppliers.

Datarapt Utilities for SYSPRO enable users to readily monitor, maintain and prove the integrity of their sub-ledger control accounts. Transactions posted in the source modules are checked at each step of their paths to the General Ledger control accounts and any differences between them are shown. Users are provided with the information required to take corrective action.

Reconciliations are available for the following SYSPRO modules:

Accounts Payable Goods in Transit
Accounts Receivable GRN Suspense
Cash Book Dispatch Notes
Assets Register Work in Progress
Inventory WIP Inspection

For further information download the fact sheet:

syspro datarapt ap prepayments

Did you know SYSPRO continues to receive awards for its ERP software?

SYSPRO was in the news which said they had recently received another award.

SYSPRO Wins Golden Bridge Award for Software Innovation: SYSPRO Honored in Global Competition for SYSPRO STARS FastTrack Implementation Methodology

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Tags: ERP, General Ledger, Accounts Payable, Datarapt, SYSPRO

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