Purchase Ledger
The purchase ledger mirrors the functionality of your sales ledger. Supplier turnover can be viewed instantly, for up to 39 periods, and each supplier record holds an unlimited number of contacts, addresses and attached documents. Every invoice detail line can be analysed in as much depth as you require and, for maximum clarity, annotated with a full paragraph of text. User-definable sort keys give you the power to select, sort and sub-total purchase data using any criteria you wish.
Invoices can be batched pending approval, or placed 'in dispute' until properly cleared for payment. Posting automatically updates the supplier record, the nominal ledger and a secure audit trail. Suggested, advance and part payments are all handled with ease, as are deposits and cash allocations. Remittance advice notes, cheques and BACS payments are fully automated.
