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The 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.

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