Sales Ledger
What is the Sales Ledger?
The Sales Ledger lets you take care of the business transactions you make with your customers.
Use the Sales Ledger to:
- Keep a record of each of your customers. Each record consists of:
- The customer name and address, contact, telephone number and fax.
- Terms of business, such as settlement discount and credit limit.
- Manage foreign currency transactions. You can:
- Maintain the balance of the account in both the customer's currency and your base currency.
- Store VAT details.
- Produce an EC sales list.
- Enter transactions individually or in batches for the following types of transaction:
- Invoices.
- Credit Notes.
- Receipts.
- Refunds.
- Opening Balances.
- Allocate receipts to outstanding invoices.
- Manage outstanding debts. You can:
- Produce reports showing the outstanding invoices aged across previous periods.
- Print statements.
- Print Reminder letters.
- Produce standard reports such as the:
- Account listings.
- Detailed analysis of balances and transactions.
- Day books.
- Trading reports.
- Carry out end of day, month, and period routines, for example:
- Manage exchange rate changes.
Get started with the Sales Ledger
Before beginning to work in the Sales Ledger you must:
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Update any foreign currencies and exchange rates.
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Set up your processing options and define the default settings.
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Set up analysis codes.
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Set up your customer accounts.
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Enter opening balances.
You are now ready to begin day-to-day processing in the Sales Ledger module.
Note: You must have the correct access rights to use the Sales Ledger. If you cannot access any of the Sales Ledger options, please contact your company's system administrator.
What do you want to do?
Enter or amend customer accounts
Produce your EC Sales List (ESL) or VIES return
Contra entries (offset sales debt)
Batch transaction processing (Sales Ledger)
Foreign account revaluation (customers and suppliers)
Other tasks
Reference