accounting software for wholesalers

1. Fact Sheet ACCOUNTS PAYABLE Accolent ERP Accounts Payable Accounts Payable Features •Easily set up and track vendor accounts •Easy vendor lookup with multiple cross references •Batch process to track AP Entry of multiple transactions •Full vendor ledger cards with drill-down capabilities •Full vendor history of purchase order receipts, vendor invoices and payments •Flag vendor as Inventory or Non-Inventory Vendor •Set default general ledger expense or asset accounts by vendor •Allocate vendor payments to multiple general ledger accounts •Post Inventory Vendor invoices to Unconfirmed AP until receipt is verified •Set alert for Inventory Vendor if Purchase Order, Receiver and voucher totals vary •Allocate voucher to one or multiple receiving transactions •Post transactions to prior periods •Automatically record recurring monthly payments for contract, installment or lease payments •Support multiple branches and multiple bank accounts and checkbooks, edit reports and batch reconciliations •Set vendor payment priorities •Cash requirements report forecasts cash needed based on cash discounts •Select vouchers for payment based on multiple methodologies •Automatic calculation of payment discounts based on terms •Create check runs based on multiple vendors processed •Easily modify and/or update proposed checks run •Choose from several check and remittance advice formats •Create comprehensive Accounts Payable aging reports: ØBy vendor ØBy vendor payment priority ØBy due date ØAs of a past date •Easily process 1099 forms Overview Accolent ERP’s Accounts Payable functionality provides all the tools needed to manage and take control of your company’s expenditures. Using the Accounts Payable tools you can process vendors’ invoices so as to ensure compliance with vendors’ terms, ensure timely payment of bills and take full advantage of all negotiated payment discount terms. The Accolent ERP Accounts Payable system uses a standard two-step process to enter vendor invoices (referred to as vouchers) and then subsequently to pay the vouchers. Separating AP Entry from check creation and payment allows for maximum oversight over the authorization and payment approval processes. The system provides multiple methods of selecting which vouchers to pay based on aging, terms, categorization of vendors, etc., allowing for complete control of cash requirements. The Accounts Payable functionality is fully integrated with Accolent ERP out-of-the-box. Access to the Accounts Payable menus and screens can be fully controlled by Roles and Permissions that define which parts of the functionality are available to which users. Accolent ® © 2017 ADS SOLUTIONS. ALL RIGHTS RESERVED V 17-212 WWW.ADSSOLUTIONS.COM

2. Fact Sheet ACCOUNTS PAYABLE Accolent ERP Accounts Payable (cont’d) Basware AP Automation Features •Handle the most complex requirements with an easy to use system •Immediately create fully automated, best-practices, purchase-to-pay processes •From day one, communicate with suppliers quickly, easily and cost-effectively •Suppliers’ invoices in any format can be scanned and captured to extract and validate data •Delivery is secure and guaranteed through the Basware Commerce Network―the world’s largest open B2B transaction network •Suppliers can send e-invoices: directly from their billing systems, by email, virtual printer, or using Basware’s Supplier Portal •All e-invoices are stored in an online archive that can be easily searched and provides an audit trail Automated Accounts Payable Basware, the global leader in AP Automation, is an Accolent ERP partner. This means that Accolent ERP works seamlessly with Basware’s e-invoicing and purchase-to-pay solutions. With e- invoicing you can reduce administrative costs by up to 90%, increase your financial visibility and get better control of your cash flow and working capital. See https://www.adssolutions.com/e- invoicing/ for more details on Basware’s Accounts Payable Automation solutions. Accolent ® © 2017 ADS SOLUTIONS. ALL RIGHTS RESERVED V 17-212 WWW.ADSSOLUTIONS.COM