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Many companies
want or need to track vendor
bills and the client invoices on
which they were billed. Some
companies want vendor bill
management simply to track due
dates for bills. But, many
professionals pay vendors who
provide services and products
only after they
are paid.
BillQuick 2008
delivers a strong set of vendor
management features to serve
both simple needs and more
robust Pay When Paid
requirements.
The Basics
Vendor Bills lets
you record all pertinent
information about an invoice
received from a vendor. As
needed, you can record an
internal memo about the bill.
Also, you can include item memos
from the vendor in the memo area
at the bottom or add your own.
When you save a
vendor bill, BillQuick
automatically creates time and
expense entries for the items.
You can view, review and approve
these items on the Sheet View,
Simple Time Card (a new
feature), Expense Log and
Reviewer screens (a new
feature).
After approving
the items, you can generate an
invoice that includes the vendor
bill items.
Pay When Paid
When you record a
payment from a client and apply
it to an invoice with an
attached vendor bill, BillQuick
asks if you want to view the Vendor
Bill Status report. With this
information in hand, you can
direct that a vendor be paid in
full or only a portion because
the client only partially paid you.
Vendor
Bills is only available in the
BillQuick 2008 Pro and
Enterprise Editions. |
