The purchase ledger is a sub-ledger which records all the purchasing transactions. It is an essential part of the accounting department. It also keeps a track record of the company's spending with its suppliers. The purchasing ledger also reveals which purchases are being paid and how many of them are still pending. It is often referred to as "Accounts Payable" or "Supplier Accounts" in the accounting field.
Purchase ledger clerk is responsible for the entire purchase ledger process, including tasks from purchasing orders to invoices and audit. They report directly to the Financial Controller or Accountant. They provide professional services to the finance teams by ensuring the company's financial stability through their comprehensive processes and systems.
They also track the purchase payments at all times by overseeing the company's spending and provide the Finance Director with correct financial information. The Purchase Ledger Clerk would usually work as part of the finance team, although in a smaller organization they can work independently.
Following mentioned are the primary duties of a purchase ledger clerk:
Notable training programs for becoming a purchase ledger clerk are provided by a range of approved training centres in the country. This training offers in-depth knowledge of a finance IT system. Moreover, it also helps the individuals to get an understanding of processing invoices and payments through accounting software. Similarly, specialized courses for reconciling intercompany balances in foreign currencies are also a part of this training.
Candidates with the following qualifications should undertake this training:
The job description is as follows:
If you have decided to get valuable training, make sure the training institute you are choosing should be reputable too. Only then it can provide you with the best knowledge they have along with the practical application of the learned skills.
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