Purchases / Payables / Creditors Ledger overview

This product includes a full Creditors (Purchases / Payables) Ledger. You can create as many accounts as required. Each account can have multiple payment accounts defined for them, and currency. This Ledger can be used on its own or to support additional modules for example accommres. Each account can be assigned payment terms which can be varied when a transaction is created.

All accounts are identified by a ten digit code which you define yourself. Most likely the "Supplier" will issue you with an account, it is sensible to use the same one here.

It is integrated to a full Nominal/General Ledger and by using the two together you can prepare accounts to Profit & Loss and Balance Sheet stage.

This Ledger is also integrated to the " Jobs " module. All Purchase invoices can be assigned to Jobs for cost analysis.

This Ledger can be integrated to other financial products if required. For example QuickBooks, Sage, Great Plains, Sun Accounts and others.

All Transactions are "double entry" posted to the Nominal Ledger.

This Ledger supports

Multiple Companies

Multiple Languages

Multiple Sales Taxes

Multiple Countries

This Ledger includes many options, selected using the Reports section or using the "Suppliers " option.

Credit Notes

Payments

Bank accounts

Credit/Debit card details

Supplier Balance Report

Supplier Transaction Report

Transaction Information

Transaction History