Purchase ledgers

The purchase ledger saves due invoices as they are received.  These invoices are retrieved according to due dates.  The ledger forms a set of payment information which is then sent to banks.  The number of banks in use can be as many as necessary.  The system manages both domestic and international payments.  All the company’s purchase payments are made through the purchase ledger. 

The system functions just like a normal purchase ledger.  Additional features for the travel agency environment include linkage of purchase payments directly to reservations, grouping of purchases according to travel start dates (as with sales), itemizing of completed purchases and pre-purchases using accounting reports, and balance calculations according to reservation, destination, producer, and customer.