With item and quantity information provided by the Purchasing application, DISPAC's Receiving system maintains strict control over stock received for hundreds of individual financial/inventory locations. Receiving automatically effects inventory levels and unvouchered accounts payable. The use of an Unvouchered Accounts Payable chart of account, enables a company to close accounting periods on a timely basis without having to wait for vendor invoices for inventory received. With information passed from the Receiving module, accounts payable items can be created, cash disbursements processed, and transactions closed.