Accountant's Assistant Handbook

Overview of CBS Accounts Payable 
CBS Accounts Payable adds several additional windows for accounts 
payable setup, payables data entry, and accounts payable reporting. By 
using CBS Accounts Payable, your client can gain tighter control over 
cash requirements and vendor payments. Using CBS Accounts Payable, 
your clients can: 
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Define an unlimited number of payment terms to use in calculating
discounts for timely payments and easily track vendor discounts.
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Handle either cash-basis or accrual-basis reporting.
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Set up memorized transactions for recurring fixed expenses.
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Set up an unlimited number of vendors. When you set up the client
files in Accountant’s Assistant, you choose the type of vendors to
retrieve from the client for subsequent transfer to CSA.
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Print vendor checks, either singly or in batches.
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Track 1099 amounts and cash requirements.
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Consolidate multiple invoices from a vendor into a single check.
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Export journal entries to the accountant’s General Ledger for all
payable transactions.
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Maintain fiscal-year-to-date information for all AP vendors, as well
as calendar-year-to-date information for Form 1099 vendors.
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Designate the entry to the General Ledger as either a reversing entry
(by using expense accounts) or a perpetual entry (by using the
traditional accounts payable method).
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Set up default GL account distributions for each vendor. If needed,
the client may override the defaults for particular payables.
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If your client also uses the CBS PayCheck module, CBS Accounts
Payable can track payroll liabilities automatically — in effect
treating employees’ payroll withholdings as payables to the various
federal and state tax authorities.

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Client Bookkeeping Solution Overview 
Accountant’s Assistant Handbook 
27 
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Handle payments to businesses or individuals for multiple 1099
types or where only a portion of a payment is reportable on Form
1099. 
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Create direct deposit records that can be processed by InterceptEFT.
Disclaimer: InterceptEFT is an unaffiliated third party that some of 
our customers have engaged to provide direct deposit, tax 
payments, ACH processing, or credit card merchant services.
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Handle check printing for full or partial payments of payables, as
well as prepayments.
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Record cash payments, EFT payments, credit memos, and
handwritten checks.
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Remotely authorize payment of open payables via their NetClient CS
portal.