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Sage MMS Purchase Ledger
Sage MMS offers total control for managing your suppliers, no matter what currency they trade in. In-depth analysis and key business information is all yours at the touch of a button. Sage MMS Purchase Ledger is designed to allow you to enter data quickly, by specifying defaults that suit your processes. You can attach all relevant documents to supplier records, as well as details of individual trading terms and if you have large volumes of transactions, there is automated payment processing.
Key Features and Benefits
Supplier details are easily accessible
Sage MMS has an intuitive user interface, ensuring contact details, trading terms and transaction history are all easily available. Information is presented graphically where appropriate. For example, bar charts are used to show turnover and aged balances.
Quickly locate and interrogate transaction data
The Sage MMS enquiry screens allow the ‘drill down’ facility, so you can further analyse customer transactions under query - for example, details of nominal posting and foreign currency revaluations.
Designed for rapid data entry
The Purchase Ledger can be configured with numerous defaults to speed up the data entry process, and ensure compliance with agreed terms of business. For example, VAT can be applied to transactions at the standard rate automatically, and a ‘for authorisation’ flag set on invoice transactions over a certain value.
Process foreign currency transactions
With Sage MMS, you can trade in up to 100 foreign currencies. At the point of setting up a supplier account, a currency number can be assigned, to identify the currency in which the account operates. The Purchase Ledger will maintain the balance and turnover details of the account in both the operating currency of the supplier and the base currency equivalent. Payments can be entered through either the Purchase Ledger or Cash Book modules. The Foreign Currency Revaluation option identifies when exchange rates have changed and provides an up-to-date assessment of the outstanding amounts with your foreign suppliers.
Automate payments
Manage your payment control effectively and maintain supplier relationships. The Generate Suggested Payments option allows you to quickly identify all invoices overdue for payment and those that if paid, will qualify for settlement discount. Payments can then be made electronically or cheques and/or remittance advice printed.
Manage tasks simultaneously
Sage MMS is a multi user platform and allows the execution of a number of tasks simultaneously increasing productivity and ease of use. For example, you can run a supplier account enquiry whilst entering a Purchase invoice transaction.
Automatic error correction
Sage MMS uses colour coded visual alerts to ensure data accuracy. Should you post a transaction incorrectly, Sage MMS can automate the necessary accounting to reverse it, updating the audit trail in the process.
A comprehensive, easy to use help system
Whatever your Purchase Ledger requirement, help is at hand. Accounting procedures, best practice and ‘how to do’s’ are all fully documented to assist you.
Flexible reporting
A host of standard Purchase Ledger reports are provided, including aged creditors, daybooks and due dates. The Sage MMS report writer is extremely powerful, flexible and easy to use. You can quickly tailor existing reports, or create new ones from scratch to serve your own particular requirements.
Make a Sage MMS Sales Ledger Enquiry
For further information regarding our Sage Software solutions please complete the contact form. Alternatively you can contact us on freephone 0800 6522423.
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Sales Ledger Purchase Ledger Nominal Ledger Cash Book Sales Order Processing Purchase Order Processing Stock Price Book
