What Is a Sales Ledger?
The sales ledger refers to the record of sales revenue that the company completes daily. This ledger includes consumers' personal accounts; credit sales are also recorded in the ledger, and consumers who buy on credit officially become debtors to the business. All the information contained in the sales ledger will eventually be transferred to the general ledger.
Sales ledger
Right!
- Chinese name
- Sales ledger
- Foreign name
- Sales ledger
- Nature
- Economic terms
- Be applicable
- enterprise
- The sales ledger refers to the record of sales revenue that the company completes daily. This ledger includes consumers' personal accounts; credit sales are also recorded in the ledger, and consumers who buy on credit officially become debtors to the business. All the information contained in the sales ledger will eventually be transferred to the general ledger.
- content
- The sales ledger is a necessary record of a company's business activities after giving customers credit. The sales ledger is not only useful for credit management, it can provide the information needed for credit management, but it can also provide sales information such as how much each customer has purchased, each region, and the sales situation of each product. [1]
- In order to do a good job of the sales ledger, it is necessary to allocate necessary equipment and personnel and establish a scientific system. For small-scale and small-volume businesses, the sales ledger is usually manually recorded. However, for enterprises with large transaction scale and large number of transactions, computer systems are currently used for recording.
- In order for the sales ledger to reflect the latest situation, invoices, credit notes, and cash must be posted daily.