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.

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.