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.
What do you want to do?
Enter or amend supplier accounts
Automatically process supplier payments
Enter payments manually (Purchase Ledger)
Contra entries (offset purchase debt)
Batch transaction processing (Purchase Ledger)
Foreign account revaluation (customers and suppliers)
Other tasks
Reference