The Creditors Control "Maintenance" tab allows you to easily manage and maintain your Accounts Payable
Creditors Details
Easily insert or modify and assign Supplier Codes with Creditor Details to keep track of and receive valuable information regarding your creditors
Easily insert general information, such as their contact details, postal address and account type, as well as important accounting information, such as
- Supplier Credit Limit
- Payment Terms
- Date of Last Purchase and Last Payment
- Default Discount Percent & Discount Terms
Win Accounting’s Creditor Control makes vendor management easy, allowing you to form and maintain meaningful, long-term relationships with your suppliers
Adding unique codes to your suppliers enables the various Creditor Control Accounting Reports to provide vital, up-to-date details to assist you in making smart, data-backed purchase decisions
Insert or modify unlimited Creditor Group Codes to better track and maintain your Accounts Payable
Split your suppliers into assigned groups in order to better hone in on specific types of creditors, and use this valuable data to develop a more logical and effective cash flow within your supply chain.
As each supplier can only be assigned to a single Group, it's important to create/manage your Creditor Groups in a way that enables them to be used throughout your Accounts Payable
Improve your tax system, save time and free up business resources using Win Accounting's flexible VAT Automation
Eliminate the burden of manual VAT processing, minimise human error involved in VAT returns and receive valuable VAT-related information through accounting reports, ideal for speeding up business audits
Use the default VAT Codes provided, or insert unlimited unique codes with ease!
Insert Creditor Control Purchase Analysis Codes to easily keep track of and receive valuable information about company expenditures – Use this data to reap the business benefits presented by Purchase Analysis/Spend Analysis
Many organisations turn to spend analysis when seeking ways to reduce costs, improve relationships with suppliers, enhance supply chain management and boost process efficiencies
Adding unique purchase analysis codes enables the various Creditor Control Accounting Reports to provide vital details, enabling you to answer the following quickly and easily:
1. How much are we spending in a certain period?
2. With which suppliers?
3. Are we receiving what has been promised?
4. Are we making use of all potential saving opportunities offered?
Use Purchase Analysis to ultimately aid you in increasing your business’ profitability and reducing unnecessary spending and overspending
