The Purchase Ledger enables you to keep track of all your business expenses. By using the Nominal Ledger, you can track expenses by Nominal Code, as well as analyse costs across departments. Where Departmental budgets are in place, this enables you to identify those departments that are overspending, or are liable to overspend, and take the necessary action.
All payments made can have detailed information stored relating to how the payments were made (i.e. cash, cheque, Direct Debit etc.) in the same way as all incoming transactions.
The Purchase Ledger can be viewed by week, or month, or over any specified period of time, and includes a separation of Gross and Nett amounts spent.
In addition to this, Regular Expenses can be set up within the Purchase Ledger which can then automatically be added when they become due, or can quickly be added into the Purchase Ledger just by clicking and dragging the relevant items into the Ledger.
itzbITs is a trading name of itzbits Ltd, Company Number 8605878 Registered in England and Wales. VAT Registration Number: 176 1127 17
Registered Address: Unit 8, Alpha Business Park, Travellers Close, off Travellers Lane, Welham Green, Herts, AL9 &NT, United Kingdom.
