Accounts Payable Report | Control 360

Welcome back to Control360!

Today’s blog goes in depth about The Accounts Payable Report.

This Report is also located in the Reports tab:

1. Invoiced Total: This gives a total of Invoices billed per Vendor. When you click on the dollar amount hyperlink, this generates a Vendor Invoices Report (*see below).

2. Total Paid: This shows the total amount of payments made to each Vendor. When you click on the dollar amount hyperlink, this generates a Vendor Payments Report (**see below).

3. Net Due: This shows the remaining balance due to that Vendor.

4. Client Trust Balance: This shows a running tally of the Client’s Trust Account.

*When you click on the hyperlinked Invoiced Total: This gives an itemized summary of each invoice submitted by that particular Vendor, as seen below:

**When you click on the hyperlink Total paid: This gives a breakout of each payment made and by/to whom, as seen below:

With Control360 you can easily manage and track all financial information related to claims and defense litigation. This collaborative and effective tool for complex financial litigation provides a practical way of managing funding contracts between carriers, subcarriers and AI insurers. It allows insurance companies to exercise due diligence in reporting requirements and ongoing communication with the legal community in litigation.

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This concludes our review of the Accounts Payable Report. Stay tuned for next week, where we’ll cover the Cost Sharing AI Billing with Control360!