purchase ledger
bought ledger

A purchase ledger records all purchases made by your business.

Purchase ledger records money spent for purchasing by the company.

See our example of a typical purchase ledger - Opens in a new window.

The purchase ledger contains the individual accounts of suppliers from whom the business has made purchases on credit.

A purchase ledger is a system in accountancy by which a business records and monitors its creditors.

To support your purchase ledger for reconciliation purposes you may wish to make reference to bank or card statements.

"Then we converted the purchase ledger system.

He was working as a purchase ledger clerk at the time for the Crystal Motor Group.

With little or no rent to pay, a quick stock turn and slow payment terms, merchandise was sold before an invoice hit the purchase ledger.

By recording in the purchase ledger payments for purchases you have made, you will be able to identify the amount unpaid.

Basic bookkeeping - for example sales and purchase ledgers, nominal ledger and invoicing.

Purchase ledger is a ledger that goes hand and hand with the Accounts Payable account.

Accounts payable (purchase ledger)

The purchase ledger will ordinarily hold a credit balance, unless credit notes or over-payments exceed the credit balance.

WE SAID farewell recently to May Lennon, who retired as a supervisor in the purchase ledger department after 13 years with the company.

For example, Intergraph has translated the supplier entry screens on the purchase ledger so that the contact names and addresses are shown in the local address order and language.

Another key element of any money transmission service is the reconciliation of bank account balances with sales and purchases ledgers to ensure the effective monitoring and management of funds.

Although several multi-user commercial packages (e.g. sales and purchase ledger systems) were developed and trialled with customers, this was not commercially successful, and the service was soon withdrawn.

Leisl Martin, Wages and Purchase Ledger Clerk, completely surrounded by computers, keyboards, VDUs, typewriters and printers.

The PowerSystems modules in use include general ledger, sales order purchasing, sales ledger, purchase ledger, stock control, and payroll, with Power-Target used for sales analysis.

Historically, the purchase ledger was maintained in book form, hence the term ledger, but in modern practice it is much more likely to be held on computer using accountancy software or a spreadsheet.

A mixture of batch and on-line systems was run including most of the standard applications, for example, order processing, sales ledger, purchase ledger, general ledger, payroll, stock recording, inventory planning and control.

After de-centralization of the Animal Foods Division in 1966, and the disbanding of the Desk, began the job of paying the expenses and purchase ledger work for head office - which she still does today.

The total balances on the sales ledger (visitors' ledger) will give the total sundry debtors; the total balance of the purchases ledger will give the total of the sundry creditors.

However, keeping sales and purchase ledgers as shown later in this guide will enable you to record sales, purchases on credit, and keep track of amounts owed to you from sales and by you for purchases.