Accounts Payable
MEDITECH's Accounts Payable software provides users immediate access to complete vendor, invoice and transaction information. The module is fully integrated with other MEDITECH Health Care Information System (HCIS) applications, as it:
- Shares a common vendor file with the Materials Management and Fixed Assets Accounting applications
- Is linked with the Billing/Accounts Receivable application for processing patient and insurance refunds
- Is integrated with the General Ledger application for expense distribution to appropriate GL accounts
- Matches, automatically, invoiced amounts to received values in Materials Management
- Provides on-line access to purchasing and receiving information during invoice processing
- Automatically generates accrual batches.
The Accounts Payable software assists users with:
- Maintaining proper control over check-generating and bookkeeping practices
- Improving the organization's cash flow and credit position
- Increasing the rate at which the health care organization takes advantage of discounts
- Overriding standard processing of any invoice when necessary.
The Accounts Payable application also features automatic generation and reversal of accrual batches for inventory items received but not yet invoiced.
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