What is a Sales Ledger?
A sales ledger, also called accounts receivable ledger, is a subsidiary accounting record containing detailed information about amounts owed by customers for goods or services sold on credit.
This ledger tracks individual customer accounts, including invoice details, payment terms, due dates, payments received, credit notes, and outstanding balances. The sales ledger total must reconcile with the accounts receivable control account in the general ledger.
Modern accounting systems maintain digital sales ledgers with automated tracking, aging analysis, payment allocation, and customer management features. Accurate sales ledger maintenance supports cash flow management, credit control, customer relationship management, bad debt identification, and provides essential data for financial reporting and collections processes.
IRIS Software Group
Award winning software and solutions for the businesses of the future
Discover why more than 100,000 customers across 135 countries trust IRIS Software Group to manage core business operations