A must have feature for Accounting book is Party Ledger.
The ledger keeps record of purchases, payment, credit note, debit note [transactions] with parties [suppliers / customers] in one sheet [ledger].
This view gives details of all transactions done with the respective party in one place with in the financial year. Next year's opening balance with the party is pulled from previous year's closing balance.
It provides small business owner to get complete details of credit / debit / current balance with local customers and suppliers.
it is the { Khata } in local language that regular customer refers to when they say "Khate Pe leKh DeNa" - meaning to add an log / entry in the Ledger.
A menu should be provided to select from the list of suppliers / customers in order to display the ledger report.
Few properties to consider for a ledger:
From to date : starting and ending date. [ usually from is start of financial year, end is today's date]
supplier / customer name
The entries made in the ledger on click should have an option to drill the view to the details of that particular transaction.
parajulizRoman
commented
1 year ago
A must have feature for Accounting book is Party Ledger. The ledger keeps record of purchases, payment, credit note, debit note [transactions] with parties [suppliers / customers] in one sheet [ledger]. This view gives details of all transactions done with the respective party in one place with in the financial year. Next year's opening balance with the party is pulled from previous year's closing balance. It provides small business owner to get complete details of credit / debit / current balance with local customers and suppliers. it is the { Khata } in local language that regular customer refers to when they say "Khate Pe leKh DeNa" - meaning to add an log / entry in the Ledger. A menu should be provided to select from the list of suppliers / customers in order to display the ledger report. Few properties to consider for a ledger: