Also known as “Accounts Payable,” Purchase Leger is a record of your purchases and expenses and involves paying the suppliers who let you buy from them on credit. You need to make sure you pay on time, to ensure you can buy more goods or services from your suppliers in the future, and also not pay for items you've returned.
A Purchase Ledger will include:
Purchase Orders for items ordered.
Purchase Invoices, with coding, and Employee Expenses.
Purchase Returns (Credit Notes): Don't pay for goods you don't keep!
VAT paid on Purchases, which you can claim off your VAT bill.
Reconciling Statements from your Suppliers, to make sure you have all the invoices you need to pay and know when to pay them, every time.
Straightforward, Jargon-Free Bookkeeping and Accountancy
If you're looking for assistance with your Purchase Ledger, North Staffs Accounting are here to help.
Get in contact now by calling 07754 758 740 or email us at email@example.com today, to learn more about this service.