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:

• Update any foreign currencies and exchange rates.

  See Update foreign currencies and exchange rates.

• Set up your processing options and define the default settings.

  See Set up the Sales Ledger.

• Set up analysis codes.

  See Maintain analysis codes (Sales Ledger).

• Set up your customer accounts.

  See Enter or amend customer accounts.

• Enter opening balances.

  See Customer 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.