SoftGuide > Functions / Modules Designation > Outgoing payments

Outgoing payments

What is meant by Outgoing payments?

The term "outgoing payments" refers to the outflow of funds from a company or organization to settle liabilities. This includes all types of disbursements, such as payments to suppliers, salary payments, tax payments, and other financial obligations. Managing payment outflows is a central aspect of a company's financial management to ensure that all obligations are met on time and efficiently.

Typical software functions in the area of "outgoing payment":

  1. Automated Payment Processing: Software enables the automatic execution of payments according to predetermined schedules or incoming invoices.
  2. Invoice Management: Managing and linking invoices to the corresponding payment outflows to ensure that all liabilities are properly settled.
  3. Approval Workflow: Incorporation of approval processes before payments are executed to ensure control and traceability.
  4. Multi-Currency Payments: Support for payments in different currencies, considering current exchange rates.
  5. Reporting and Analysis: Creating reports and analyses of completed payments to monitor cash flow and liquidity.
  6. Integration with Accounting Systems: Seamless integration of payment outflow data into accounting software to ensure accurate financial reporting.

Examples of "outgoing payment":

  1. Supplier Payments: Transfers to settle invoices for delivered goods or services.
  2. Salary Payments: Monthly payroll disbursements to a company's employees.
  3. Tax Payments: Transfers to tax authorities to settle tax obligations.
  4. Rent Payments: Regular payments for rented office or warehouse spaces.
  5. Interest Payments: Payments of interest on loans or other financial liabilities.
  6. Dividend Payments: Distribution of dividends to shareholders.

 

The function / module Outgoing payments belongs to:

Project management

Payment transactions

Software solutions with function or module Outgoing payments:

:becosoft-Immo - Professional Real Estate Management
applabs Rental
audius:Event for Event Management
audius:Seminar for training and seminar management
edoobox - Online booking system
FundLine-R
ingo365
myPARM - Multi-project management software
projectfacts
Rentman
Sage 100
Show all 29 programs with Outgoing payments