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Nov, 2017

Understand about Account Payable

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Account payable (AP) is used to record expenditure both of national and sub-national including transaction of direct payment, petty cash, advance, and procure to pay. Likewise, this module is also used for recording subsidies from national to sub-national (Commune-District), bonus, and payment mandate to suppliers. Specialties of AP the fact that it can also check budget automatically to ensure that the payment requisition has enough credit to pay and is not over the budget ceiling, automatically calculate the withholding tax by type of enterprise (small, medium, large), and ability to make several payment mandates in one check to the same supplier. Moreover, this module is expanding its ability to make Express Payment and Electronic Fund Transfer to National Bank of Cambodia without issuing any check.