Payment Ledger

A Separate Ledger that only records transactions on Receivable and Payable accounts. Account type should be set to Receivable or Payable for transactions to be recorded in Payment Ledger.

Ex:

Usage

Reports

Accounts Receivable, Account Receivable Summary, Account Payable and Account Payable Summary uses Payment Ledger as its source.

Tools

Payment Reconciliation and its extension Semi-Auto Payment Reconciliation tools uses Payment Ledger to calculate outstanding Invoices. Reconciliation process only updates Payment Ledger.