Purchase Ledger

Most practices now use a purchase ledger to keep track of their suppliers’ invoices, credit notes and all transactions.  With Partner for Windows Purchase Ledger, this is made simple by having flexible and easy-to-use data screens which are designed with the busy accounts/cashier user in mind.  The entries are linked to the nominal ledger via cost centres and account codes, ensuring that postings to the purchase ledger update the appropriate nominal ledger accounts automatically.

The Purchase Ledger will enable the practice to keep good records and analysis for all suppliers and be able to search based on invoice numbers, amount, description and/or date etc. It has support for pre-payment of invoices, e.g. a purchase invoice for rent could be automatically split over three periods.  Suppliers can be rated when a payment is posted, which will allow practices to monitor performance of suppliers over time.  Office costs can be broken down, i.e. one supplier invoice covering photocopier costs could be analysed against repairs, consumables and lease costs, which allows for reporting by supplier, by analysis code, and/or by period.  All Purchase Ledger postings can be reversed.

• Click here to download the Purchase Ledger fact sheet