Accounts payable is the process of tracking money you owe suppliers and vendors. One of the keys to maintaining positive cash flow is making sure you don't pay vendors and suppliers any sooner than required. TOM reminds you when money is due and makes sure vendors are not paid any earlier than necessary.
If you use vendors that offer special discounts you can enter these into the vendor information and TOM will track when your discounts can be received and what bills they can be received for. Never pay more than you have to again!
Allows you to set permissions and limits on Purchase Orders created by your employees. Give your techs the flexibility they need, and limit your office staff's unneeded purchases. When limits are reached they can be easily overridden by an administrator on the spot.
TOM allows you to enter packing slips, receiving those items into inventory without a bill. When the bill arrives TOM will insure the packing slip matches the bill received from the vendor. Make sure you're getting what is being paid for. TOM can save you time by automatically converting packing slips to bills which prevents you from having to reenter them.
TOM's time saving 'Pay Bills' feature allows you to easily pay the currently due bills with a few simple clicks, and TOM even writes the checks for you.
In TOM a purchase order can be easily converted to a bill while automatically insuring the purchase order and bill are identical. TOM can even email new purchase orders to the vendor for processing.
TOM has the ability to show you a single vendor's history in one easy-to-use location. View your pending purchases, previous purchases, bills paid, bills due, checks written, and items received.
TOM allows you to mark which vendors are eligible for a 1099 in accordance with current federal regulations. Once the threshold is reached TOM knows that vendor is due a 1099 at the end of the year.
TOM gives you ability to track inventory by both model number and serial number. This gives you the ability to see what has happened with a specific piece of equipment from the day it was purchase to the day it was replaced.
Have you ever replaced a part that was covered by the manufacturer's warranty but forgot to turn it in for credit?
With TOM's inventory system you will know what equipment is under warranty by both your company and the manufacturer. Never lose money on warranty work that you are covered for.
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