Purchase Ledger

The Purchase Ledger lets you take care of the business transactions you make with your suppliers.

Use the purchase ledger to:

  • Keep a record of each of your suppliers. Each record consists of:
    • The supplier name and address, contact telephone, number email address and website.
    • The terms of business, such as settlement discount and credit limit.
  • Manage foreign currency transactions.
    • Store the VAT details.
    • Maintain the balance of the account on the supplier's currency and your company's base currency.
  • Enter transactions individually, or in batches, for the following transactions:
    • Invoices.
    • Credit Notes.
    • Returns.
    • Opening Balances.
  • Manage payments. You can:
    • Produce cheques and remittance advices.
    • Create payments automatically.
    • Allocate payments to outstanding invoices.
    • Produce reports showing outstanding invoices.
  • Authorise your invoices and credit notes.
  • Produce standard reports, such as:
    • Account listings.
    • Detailed analysis of balances and transactions.
    • Day Books.
  • Carry out end of day, month, and period tasks, for example:
    • Manage exchange rate changes.