If you like and use the “CORRECT” button on Journal Entries but wondered why it does not exist for Accounts Payable, well wonder no more! The “CORRECT” button has come to Accounts Payable with release of “The Corrector” from Reporting-Central. In the past, the only way to correct an AP coding errors was to create an un-related Journal Entry that provided minimal information about the entry. Now, with the “The Corrector” you can select the AP Distribution lines that need attention, and automatically generate a Journal Entry that includes meaningful historic information. Now the journal entries will contain Vendor and Document information as well as a History of why the correction was done and by whom. No more cryptic Journal Entries in your reports and the auditors will over the detail and reference to the original corrected entry!
The Closer automates the process of reconciling the various Sub-Ledgers to the General Ledger, ensures your books will balance and that the quality and integrity of your data will be maintained to the highest level.
With The Closer, month, quarter and year-end processes are completely streamlined and the reconciliation process will be faster than anyone ever thought possible.
In seconds, The Closer reconciles the following Sub-Ledgers to the General Ledger:
- Accounts Payable
- Accounts Receivable
- Fixed Assets
- Accrued Purchases (received not billed)
- Inventory by Site/Class
- HITB Inventory by Site/Class
- Customer Deposits