Purchase ledger
A purchase ledger in accountancy contains the personal accounts of suppliers from whom the business has bought on credit. (The creditors.) It records information such as invoices received, credit notes received and payments sent.
The purchase ledger was formerly maintained in book form, hence the term 'ledger', but nowadays it is much more likely to be held on computer using accountancy software.
The purchase ledger/spreadsheet
A purchase ledger records all purchases made by your business.
It monitors:
- A person's business outgoings
- How much money a person owes at any one time
In addition, it gives a record of a person's most regular suppliers and how much has been spent with each.
A purchase ledger should record the following:
| Date received |
Supplier's name |
Reference number(or your company's purchase order number) |
Total paid |
VAT charged (If any) |
Date paid |
ta:???????? ??????
Source: Wikipedia | The above article is available under the GNU FDL. | Edit this article
|
Encyclopedia
top
