Openda understands the importance of having effective control of suppliers’ accounts. This is only ensured by maintaining precise, up to date records.
The QX purchase ledger is a multi-currency, open item ledger with all its invoices and credits input directly. Invoices may be trade invoices reconciled to receipt lines or overhead items.
Each of these are directed by the process map of nominal links, to the relevant nominal account, streamlining your business and reporting needs.
The ease with which the system is used encourages fast, accurate posting of invoices, credits, debits and payments. Instant access to detailed purchase ledger history ensures your purchasing team can negotiate the best purchase price for your goods, materials and stock.
The QX system allows for semi-automatic payment runs to be planned, generating documentation direct to your suppliers via fax, email or post.
Payments can be generated according to the due date entered when the transaction was input, taking full advantage of any special payment terms or discounts you may have. However, once the payment list has been generated it can be modified as required, including removing entries, adding entries not selected or adding payments on account.
The multi-currency facilities allow automatic recalculation of foreign transactions back to home currency, supporting your international trade.