Accounts Payable

Overview

Accounts Payable in NexWave helps you manage supplier bills, track payments, and maintain healthy supplier relationships.

Key Features

Purchase Invoices

• Record supplier invoices

• Match invoices to purchase orders

• Track payment due dates

Payment Processing

• Process supplier payments

• Multiple payment methods support

• Batch payment processing

Supplier Management

• Supplier master records

• Payment terms configuration

• Outstanding balance tracking

Reports

• Accounts Payable Aging

• Supplier ledger

• Payment history

Best Practices

1. Always match invoices to purchase orders for accuracy

2. Set up payment terms for each supplier

3. Review aging reports regularly

4. Process payments before due dates to maintain good supplier relationships

Related Documentation

• Accounting - Finance & Accounting Overview

• Accounts Receivable - Managing customer payments

Common tasks

Step-by-step task guides from the User Guide:

• Accounts Payable Aging Report

• Procure to Pay Process

• Purchase Return and Debit Note