Purchase Ledger

The Purchase Ledger is used to keep track of what the organisation owes to suppliers. It is integrated into the Purchase Ordering and Stock Receipt system, where many of its postings may arise. Using this approach we eliminate the time consuming, old fashioned, outdated and inaccurate approach of a accruing for invoices not yet received from suppliers.

Naturally, expenses where no PO can be given may also be booked directly to the ledger This approach is used for services where usage is metered. The system also caters for Direct Debit invoices such as mobile phone bills, in order that the posting and payment are achieved in one operation.

Payments may be made on an “as required” basis or may be done on a more considered “Automatic Payments” run. In the latter case, the prepared list may be manipulated before being posted “en bloc”. Remittance Advices may be printed in hard copy runs or electronic versions mailed.

As with sales ledger, there is also a supplier extranet, which may be provided for the smooth operation of the supplier relationship.