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Module : AP

Process Analysis Questionnaire Y/N

How do you close an accounting period for Payables?
Is the schedule for closure of the accounting period documented?
When do you close the accounting period? (which day? What sequence?)
Do you allow posting invoices back to a prior period?
Who performs the task of opening / closing an accounting period? When?
What are the tasks associated with period closing?
How do you do cheque reconciliation?
Do you get a tape from the bank for cheque reconciliation? What is the format?
Do you do online bank reconciliation?
How do you reconcile payments with bank charges?
Do you use multiple bank accounts?
Do you make multi-currency payments from a single bank account?
Is there a provision for discounts within the current payment terms?
How many cheques do you produce in a month?
Do you currently use Electronic Funds transfer?
Do you currently do Wire transfers?
Are all cheques printed from the system?
Response / Comments