The Sales Ledger for a Group Company provides facilities to post registered invoices to customer ledger accounts in any currency or mix of currencies, and to apply payments to them in any currency for which a bank account is available.
Provision is made for journals, cash book and petty cash payments, with allocation of unassigned amounts where required.
An expected receipts list is available produced in accordance with user-supplied parameters and taking account of customer ledger indicators. The expected receipts list includes data on the current state of debt not only with the customer company but also with the customer's group of companies, and with the trading situation regarding the user's group of companies with the customer and with the customer's group if applicable.
Requests/demands for payment may be produced either manually or generated from the expected payments list (which may be amended.
Customer statements are available.
A variety of enquiry mechanisms are supported, with each item on the ledger provided with a detailed analysis feature which shows the original invoice or entry, posting transactions and all payment transactions. All currency amounts are shown with rates and base currency equivalent.
A selection of reports is available, including aged debt analysis, sales daybook, and various reports by customer. Reports are between user-specified dates.
Finally, the Sales Ledger module provides for the maintenance of customer ledger parameters, which include classification of customer, attention priority, etc. The transaction posting fields may be set for each customer as either mandatory or default so that, where a value is present, it is automatically entered or prompted into an invoice posting transaction. Thus, taking another company in the Account Group as an example, to which the current company sells stationery, the field "Third Party/Group Company/Associated Company" would have a mandatory setting for "Group Company" and the main account would have a default setting of "Stationery" (assuming that occasionally something other than stationery was invoiced).
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