How Can Computerized Sales Ledger Assists In Credit Management

Earlier article describe why the need to keep proper sales ledger. Incidentally, sale ledger section is also known as account receivable section in some companies. The Account receivable/sale ledger section involves in the billing and follow up of the customer on credit and other roles.

At all times, management must ensure that the finance/credit department should implement a properly run computerized sales ledger which should have the following features to assist in credit control:

• 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.