Account Payable

Control Liabilities with Confidence and Optimize Vendor Relationships

The NTG Accounts Payable module provides small to mid-sized businesses with a centralized, intelligent platform to manage supplier liabilities with precision. Designed to streamline financial operations, the module allows users to define supplier-specific payment terms, track invoices, debit and credit memos, and monitor outstanding balances—all while enforcing compliance with local tax regulations. Through seamless integration with the General Ledger (GL), the AP module ensures timely and accurate financial postings, giving businesses real-time insights into cash outflows, vendor obligations, and payment schedules. It also supports multi-currency transactions and configurable approval workflows, enabling organizations to maintain financial control across diverse supplier networks.

Automated Workflows for Scalable, Accurate Financial Operations

From onboarding new suppliers to processing payments and managing refunds, NTG’s AP module is engineered to automate every stage of the payables lifecycle. Finance users can effortlessly set up supplier categories with pre-defined payment conditions, assign accounting configurations like tax and payable accounts, and post opening balances tied to historical financial periods. The system automates invoice due date calculations, enforces early payment discounts when applicable, and provides detailed tracking of each transaction—ensuring audit-ready visibility. Built-in features like payment receipt processing, refund issuance from debit memos, and transaction cancellations through approval cycles empower finance teams to act swiftly while upholding policy standards. This level of automation and precision enhances vendor satisfaction, reduces errors, and boosts operational efficiency.