The Purchase Ledger application is a full open item ledger for posting, authorising and paying invoices from a number of supplier types including Standard, Counsel, Expert, Employee and Partner. Each supplier type has its own control account in the nominal ledger. This application includes procedures for refunding and cancelling invoices and costing to both matters and nominal accounts. Using criteria such as supplier payment terms and invoice due dates, invoices can be automatically or manually scheduled for payment.
Used in conjunction with the Purchase Order module, it can provide a streamlined procurement process.
In addition the Purchase ledger supports the import of electronic invoices (HMLR, Searchflow etc) reducing input time and speeding up the administration process.
Payments are made using a variety of payment types including cheque, BACS (with bank interface) and TT.
Features include:
- Easy to search using ‘Enquiries’ tab
- Can fully audit
- Users can create and maintain suppliers listings
- Counsel Fee Notes can be posted through purchase ledger and deal with VAT effectively
- Remittances can be printed or emailed
