Debtors and Creditors Ledger
Receivables often make up for a significant part of assets. Receivables management ranks among one of the most corporate operations. Payables and settlement management, together with cash flow monitoring are also important for the company’s trading.
Module description
The Creditors and Debtors Ledger module gives you a maximum control over the financial resources of your company. Incoming and outgoing invoices are shared with the modules of Purchase and Sales. The submodules are processed to be ready for accounting and VAT returns, and no extra work is necessary. The submodules of outgoing and incoming advance payments process advance payments and taxation issues with ease.
TWIST INSPIRE ERP has various copying functions, document and movements types that bring the comfort you need for your day-to-day routine operations. Accounting data, VAT returns or Summary Reports are filled out automatically by the system as preset, and cut down the working time your employees require for those works. All documents feature the functions needed for the new way of VAT processing, as for instance Reverse Charge, etc.
The register of Reminders is able to create multiple reminders and offers efficient tools of regulating the balance of receivables. The balance of records gives information about all and any outstanding/unsettled records in the system, including advance payments, credit notes, etc. The balance of payments is being assessed, together with payment morale, your business partners’ delays with payment, a time analysis of balances, etc. The balancing data are shared with and used by the modules of Partners, Purchase, Sales, and Bank Accounts.
Submodules:
- Outgoing invoices
- Incoming invoices
- Outgoing advance payments and tax documents
- Incoming advance payments and tax documents
- Document Balance Ledger
- Reminders
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