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The Sales Ledger module provides key features from the financial suite, such as multi currency and Open Period Accounting. The suite also benefits from all of the System-wide features (shown on the left menu), such as easy Data Importing, Email and Fax integration.

Key Features

Customer Details - Detailed customer information can be held, including unlimited numbers of addresses and contacts as part of the CRM module, along with user-definable customer profiles for marketing purposes.

Credit Control - Credit Control begins with a comprehensive credit control profile section within the customer record. This provides flexible choices of credit terms, approval and chasing methods. Debtors’ lists and statement production are both easy to perform and have a multitude of options, for instance, statements can be sent to head offices as well as delivery points.

Transaction Handling - The Sales Ledger provides all the facilities for Journal entries you’d expect, including recurring, reversing and template journals. In common with all Financial Suite transactions, journals can use quantities in their entries. VAT entries are also catered for directly from journals, as either ‘net + VAT’, or ‘gross - VAT’. VAT inputs and outputs are also definable.

Contra Accounting - Contra Accounting is provided between the Sales and Purchase Ledgers, as is a useful back-to-back facility for converting a purchase invoice into a sales invoice, including standard mark-up facilities.

Group Credit Limits and Checking - This provides the ability to specify a range of accounts which can be considered as a group for overall credit checking purposes.

Cross Account Allocation - Cross Account Allocation allows groups of sales ledger accounts to be grouped for payment and allocation purposes. When receiving a group payment, this can be allocated across multiple accounts. The system will then automatically construct the required contra transactions.

Other Applications

The following applications are designed to work hand-in-hand with Sales Ledger:

"Sales Ledger" is part of the de Facto S5 line of products, developed by De Facto Software.