Describe the advantages/benefits from having a good Computerized Sales Ledger Module. Name the good features that a Computerized Accounting Sales Ledger Module should have.

December 31st, 2009 Comments off
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COMPUTERIZED ACCOUNTING SALES LEDGER MODULE

BENEFITS OR ADVANTAGES

Enable management to:

  • produce accurate management information
  • recognize as early as possible debtors who are slowing down payments
  • prevent the chasing of debts already settled
  • identify customers who have reached their credit limit
  • ensure customers comply with any agreed payment schedule

GOOD FEATURES OF A COMPUTERIZED SALES LEDGER MODULE:

  • Ageing of debtors by DUE DATE
  • On line enquires on
  • – credit limits,
  • – individual order limits,
  • -whether the customer is ” on stop”
  • Flagging of overdue accounts for follow-up by credit control
  • Attributing bad debts or high credit costs to salespersons or sales office responsible
  • Identifying consistently slow payers.

 

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Financial Accounting

 
 

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