Creating a Purchase Ledger Account.

Creating a Purchase Ledger Account.

This article is part of the Purchase Ledger section.
Find all related articles here:

A Purchase Ledger is where you store all your contractor information. To create a new Purchase Ledger (PL) account, select Purchase Ledger from the main screen tabs on your CPL system.



Next select click on the Add button.



This will open up the below screen.



Assign a PL Account Code to your purchase ledger and fill in the purchase ledger's address details.

Account Status:

This setting determines whether the PL account is active or stopped.

Contractors:

Not all Purchase Ledgers will be associated with contractors. By selecting the Contractor option, you can specify the job types provided by that contractor.

Job Types:

Job types help categorise contractors based on their expertise, making it easier to search for contractors offering specific services.

You can assign multiple job types to a contractor.

If the required job type is not listed, you can add a new type within the System Parameters section.



Payment Type:

This setting determines how payments will be made to the PL account.

To enter the contractor's bank details, select BACS from the dropdown menu. Once selected, the bank information fields will appear at the bottom of the screen for you to complete.



Grace Days:

This setting allows you to align payments to the PL account with the agreed payment terms.

For example, if the PL account provides a 30-day payment grace period, you can set this time frame.

The invoice will not be eligible for processing in the payment run until the allocated grace days from the invoice date have expired.
    • Related Articles

    • Purchase Ledger Invoices Import

      This article is part of the Imports section. Find all related articles here: Imports This guide walks you through using the PL Invoices Import tool to upload purchase ledger invoices for your PL accounts. Getting Started If your import is set up to ...
    • Purchase Ledger Transactions

      You will find links below to Training Guides related to CPL's Purchase Ledger Transactions Screen. Purchase Ledger Transaction Training Guides Posting a PL Account Invoice in the Purchase Ledger Transactions Screen v1.0 Posting a PL Account Invoice ...
    • Purchase Ledger Payments

      Please click on the image below to access the Purchase Ledger Payments Training Guide.
    • Creating a New CPL User Account

      Please click on the image below to access the Helpsheet for Creating a New CPL User Account.
    • Working with Blockworx Contractors - Linking and Unlinking Contractors

      This article is part of the Working with Blockworx Contractors section. Find all related articles here: Working with Blockworx Contractors The Dashboard Card for Link Requests To work with contractors using Blockworx, their Blockworx account must be ...