We are delighted to release the Accounts Payable feature and functionality today. This adds additional insight, leading to a clear and complete financial analysis of your operation.
- Requires Traction Pro.
- Enter bills for each vendor and track the amount owed.
- See a summary of amounts owed to each vendor with drill-down to individual bills.
- Maintains accrual basis records based on bill entries while maintaining cash basis records when payments are made.
- Leverage ‘Use Previous Bills’ to select from previously entered bills to reduce the number of steps in creating a new one.
Payment Name Change
- Employees and employers will no longer see the name ‘Zeal’ when logging into their bank account. Instead, it will now list the employer’s name which offers a better descriptor for all parties.