Tencia’s creditors management module provides a comprehensive solution for tracking and reconciling creditor accounts. With its user-friendly interface, it allows for efficient data entry of supplier invoices, giving you the insights needed to effectively monitor supplier debt.

Key Features of the Creditors Module

  • Account Setup: Configure creditor accounts as either balance forward or open item accounts.
  • Easy Access: Access creditor information using creditor codes or alpha codes.
  • Status Analysis: Analyse creditor status by supplier type or expense code.
  • Exception Reporting: Generate management reports with exception reporting capabilities.
  • Automatic Payment Scheduling: Set up and schedule automatic payments for regular invoices.
  • Payment Processing: Perform automatic, manual, and electronic payments with ease.
  • Cheque Printing: Use the automatic cheque printing facility.
  • Comprehensive Inquiries: Conduct thorough inquiries on creditor accounts and filter information by creditor codes, dates, or values.
  • Transaction Viewing: View current, old, future, or all transactions, and sort or filter them by type, such as invoices, credits, payments, or cheques.
  • Future Invoices and Payments: Process future invoices and payments seamlessly.
  • Customisable Trading Terms: Define trading terms according to your business needs.
  • Invoice Holds: Place invoices on partial or full holds.
  • Historical Remittance Printing: Print historical remittance information as needed.
  • Transaction Details: Keep and print details of all fully paid transactions.
  • Supplier Analysis: Differentiate suppliers using creditor and supplier codes.
  • Multiple Dissections: Perform multiple dissections using purchase codes and supplier types.
  • User-Defined Fields: Use up to 10 user-defined fields in the Creditors master file.

Creditors Reports

  • Aged Trial Balances: Monitor the aging of creditor accounts.
  • Creditors Ledger: Maintain a detailed ledger of all creditor transactions.
  • PAYG Payment Summaries: Generate Pay as You Go (PAYG) payment summaries.
  • Transaction/Tax Listing: List all transactions and tax details.
  • Purchase Analysis: Analyse purchases by creditor or supplier type or expense code.
  • Exception Reporting: Create exception reports for management insights.
  • Prescribed Payments Deductions: List deductions for prescribed payments.
  • Creditors Labels: Print labels for creditors.
  • Payments by Due Date: Report on payments by their due dates.
  • Forward Payments List: Generate a list of forward payments.

Tencia’s creditors module ensures that your business can efficiently manage and reconcile supplier accounts, providing the tools needed for accurate and timely financial management.