Point of Sale Software Including Inventory Control and Back Office Accounting designed for Computer Stores
Windward System Five offers a rich collection of features that
are totally unique from other systems. In 19 years of development,
we have worked with many types of retail businesses to discover
their wants and needs and have built these into the software.
ACCOUNTS PAYABLE
FEATURES
Payables
Posting vendor bills is easy. For example, when you receive
inventory, the total amount of the purchase is posted
to just one ledger number. The inventory being received
is listed and detailed in the purchase order module, so
there is no need to duplicate this information.
If you negotiate payments in installments such as 3 equal payments,
Windward will track those distributed due dates, remind you when
you need
to pay the bill, and how much to pay. In Canada, Australia
or any other country dealing with the GST or VAT taxes, the input
tax credits are entered on the bill. (These
are taxes that you pay, but can get back from the government).
The system warns you if you forget to enter the tax amounts.
While entering accounts payable bills, the prices on the
original purchase order can easily be cross-referenced
to ensure they are correct and that you have received
the goods.
Buying Group Support
If you deal with buying groups, then you'll buy the inventory and
goods from a supplier but pay the buying group. This is because to
get great discounts, the buying groups often pay the bills very quickly
or at least guarantee payment.
When you use buying groups in Windward, you'll be able
to report on all the purchases from a given supplier,
even if you don't owe them any money, and be able to look
at the buying group from a financial point of view to
see what you owe.
You can even use this technology if you purchase goods
with your credit card. There, you buy from a supplier
but pay Visa, Mastercard or American Express.
Writing Checks
If you are entering information from a previously handwritten check,
you can do that without having to print them. Incredibly, many other
systems force you to print the checks, regardless. After creating
a check, you can choose to post-and-pay it, or simply batch for later
payment. This lets you spend some time setting up the checks. Once
you are ready, you can load the checks into the printer and then print
and post the batch at one time. Time Payments - Paying Over Several Months
In some cases, you may get a large shipment of goods from a supplier
and be allowed to pay in thirds, one month at a time. Windward
will allow you to enter the time payment plan, with the payment distributed
up to ten months. This information is used with the cash requirement
report to determine which bills have to be paid.
Entering Accounts Payable bills is easy. Normally, when you
receive inventory, the total amount of the purchase is posted to just
one ledger number, account 1200 in this example. This is because the
inventory being received is detailed on the Add Stock entry in the
purchase order section so there is no need to duplicate this information.
If you purchase a lot of inventory at one time and negotiate the option
to pay it in installments such as 3 equal payments, Windward will
track those distributed due dates and remind you when you need to
pay the bill and how much to pay.
While creating a bill, you can link it to the original purchase order
to ensure the prices are as you agreed and that you have received
the goods. There is not profit in paying for items you have not receive
