FastFund Online Nonprofit Accounting Accounts Payable is seamlessly integrated with FastFund Accounting General Ledger and does not require transaction imports or reconciliation. Vendor activity is automatically posted to the General Ledger and vendor subsidiary ledgers.
Your organization will benefit from using FastFund Nonprofit Accounts Payable by helping to manage your vendor invoices and payments. Entering your invoices in Accounts Payable will help you pay invoices on time, track grant and program spending when you incur expenses and help forecast cash flow.
FastFund allows you to keep multiple Accounts Payable control accounts, each with its own subsidiary ledger. This is useful if you want to separate vendor payables and other payables, such as client payables.
Vendor names are stored in the single names database. So if a vendor is also a donor, there is only one record to maintain for address and contact information. Generate one reort with all financial activity associated with the name, including vendor transactions and donor transactions.
Generate subsidiary ledger reports, including unpaid bill report, detail transactions by vendor, subsidiary ledger and aging reports.