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Big Red Book Accounts v5
Sales Ledger
The Sales Ledger
The Sales Ledger maintains records of transactions between your business and individual Customers.
When you set up a new Customer you are creating a Sales Ledger Account. This account is automatically
updated every time the
Big Red Book
®
produces a Sales Invoice, or when you make an entry in the Sales
Book recording details of an invoice or credit note sent to that Customer. It is also automatically updated
when you record in the Cash Receipts Book details of receipts from a customer and any discount given.
Looking up the Sales Ledger account for a Customer would show you a list of invoices and credit notes you
have sent to that Customer, a list of amounts already received, details of any adjustments made to the
account (e.g. for discount given) and the balance owed by the Customer.
Information in the Sales Ledger can be accessed in a variety of ways: examining a Sales Ledger Account on
screen and displaying/printing reports and Debtor Statements.
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