Accounts Payable

OVERVIEW

The Muli Accounts Payable cycle starts at the time you place an order and effectively are making a commitment against a project - because Muli construction accounting software will only process an invoice against an Order or a Subcontract.

You can view these as essentially sub-accounts in a traditional accounting framework that starts at the top level with a project, then a cost code.

PROCESSING INVOICES

Supplier and subcontractor invoices are entered and processed through the incoming register against the relevant project, cost code and order.

Project Managers in remote offices may authorise payment online and take advantage of the option to attach scanned documents – eliminating the need to forward documents. Saves time & eliminates issues from lost paperwork.

APPROVAL PROCESSES

Muli can pay a supplier’s single invoice or for subcontractors, Muli can produce a full payment schedule with payment advice. This meets the Security of Payments Act notification requirements and provides management with payment progress and expected outcomes.

CONTROLS

Muli applies controls to payments to ensure that committed constraints are observed. In addition, the payment process can include a verification of the currency of subcontractors insurance.

PAYMENTS AND CASHFLOW

Payments can be made by cheque (manual/computer) or direct deposit with detailed remittance advice sent by mail, fax or email.

The Muli Accounts Payable module stores payment transactions by due date, so this information is available to the Muli Cash Flow Forecasting module

Download the Latest Muli Accounts Payable Fact Sheet