WorkWise - TCM


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Accounts Payable Effectively manage your vendor liabilities and cash flow
TCM Accounts Payable provides you with a powerful set of tools to control your payables and thus effectively handle the payment side of your business. Accounts Payable maximizes cash flow by enforcing payment on the proper cycle — ensuring that potential discounts are taken when desired. It does this through a simple–to–use payment selection process. Accounts Payable also fully integrates the three–way matching of purchase orders, vendor invoices, and actual receipts. It can pinpoint transactions with a price variance so you can follow up. When needed, Purchasing handles multi–currency vendors and allows you to automatically allocate costs internally. Direct charges to Job Cost, when appropriate, are also supported. Accounts Payable works with or without the use of purchase orders and part numbers. AP also provides other features, including automatic purchase price variance calculations against Standard Cost, recurring voucher processing, accounts payable history, 1099 reporting, vendor performance statistics, and after printing checks, even provides a check reconciliation process to stay in synch with your banks.

	AP Functions TCM’s Accounts Payable application provides easy account management. The TCM Navigator (shown here) gives you one-click access to the many functions accessible through AP, including maintenance, vendors, payables, payments, reports and inquiries.


AP Voucher Entry
Here’s an example of the AP Voucher Entry worksheet. Because it’s integrated with Purchasing, it’s easy to access relevant PO information.



AP automatically calculates both Discounts and Due Dates for you.

AP also provides you with the ability to automatically create vouchers based on Purchase Order Receipts, and provide you with Override Capability for them.


AP Vouchers also generate General Ledger Entries like this, including Auto-distribution of Freight.


AP uses this simple Payment Selection window for you to manage payments. You can select by Due Date, Discount Date Ranges and more. You can also override for Partial Payments if needed.