Accounts Payable
Kintera FundWare Accounts Payable provides all of the features you'd expect in a robust, world-class AP package: vendor information, payment scheduling, requisition management, integrated purchase orders, bank account records, check writing and more.
But we've also made some important additions and improvements based on our extensive experience with not-for-profit organizations and governments, including cities, towns and counties, governmental agencies and schools.
The key to FundWare's Accounts Payable module is its workflow approach to payables management. Not-forprofit organizations may use purchase order accounting, in addition to tracking purchase requisitions and commitments. Each transaction is assigned a "stage" which is used to move the obligation through the payables cycle until the actual check is written, cleared and reconciled.
Governments will appreciate the use of full encumbrance accounting. All accounting entries are automatically generated as encumbrances are relieved and invoices are created. FundWare matches encumbrances with actual invoices and highlights discrepancies, which may be corrected and modified online.
Online, Real-Time Budget Control
Every payables user always sees the latest financial information in the system, both actual and budget. No
one makes decisions based on information that is out-of-date. Alerts can be automatically issued if a user
attempts to overstep their budget or spending authorization limit. The system may also be set to block all data
entry that would cause an account to exceed budget.
Decentralization
Often, the people who make requests for purchases aren't physically located near the accounting department.
Now those users can make purchase requests online, without affecting the General Ledger until approved by
appropriate personnel. Likewise, employees who work from home or other remote locations can enter
financial information without disrupting other parts of FundWare that they are not authorized to access.
Charges to Multiple Funds
Accounts Payable lets you easily charge multiple funds, cost centers and activities with a single invoice. All
due to/from entries are automatically created to ensure that all funds remain in balance. Most organizations
appreciate the ability to use one central pooled cash account for all disbursements since FundWare can
maintain accurate fund balances in real time.
Sometimes funding restrictions require multiple bank accounts. In those instances, Accounts Payable can use as many bank accounts as necessary.
Highlights
FundWare Accounts Payable provides a number of helpful features that can speed up processing and reduce the drudgery of many tasks:
• Gain greater online budget control for all users with three levels of user-defined thresholds (message, warning and full lock-out) while entering purchase requisitions, encumbrances, purchase orders and invoices. • Process backorders and voids easily, with all correcting entries made automatically in FundWare’s General Ledger module (sold separately). • Enjoy immediate access to vendor detail and full audit trail of obligation flow, from requisition to check reconciliation, including dates and user ID information. • Generate automatic interfund transactions when expenses are coded to multiple funds. • Allow users to enter purchase requests and purchase orders, with online budget control and multiple levels of approval. |
. Calculate purchase discounts and due dates automatically. • Add vendors easily, at any time. • Manage multiple checking accounts. • Make AP easier for users by letting them choose and save their own screen preferences. • Pre-set which vendors need payment in single or multiple checks from the same check run, or make that decision with each check run. • Drill down to find any vendor payment detail, including obligations and general ledger account distribution information. • Reduce data entry with “smart” boxes that find the closest vendor match after entering the first few letters of their name or numbers of their vendor number. |
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