Sales are very important to any business. An organization’s survival in business depends on its healthy sales. It needs to record its daily sales so that it can track the health of its organization. A sales ledger is the normal tool that is used to track the sales and profit made by the business on a daily, weekly or monthly basis. It can also accumulate the data to an annual basis.
A sales ledger template can be manually or electronically manipulated. The latter is more sophisticated and much faster than the latter. More information can be stored and retrieved quickly. Reports from the data stored can be generated easily and accurately for analysis purposes.
In layman terms, a sales ledger is the accounts receivable; it refers to the money owed by clients to a business which is recorded as asset in the company’s account. It is usually handled by the accounts personnel in the Accounts department of any organization to keep track of the amount of sales to the company every day or month.
The sales ledger template may contain:
* Company Name
* Customer Name
* Gross Sales
* Sales Tax
* Labor cost
* Contract number
* Date paid
* Deposit Due
A lot of relevant sales information may be recorded for the financial section of the organization to digest and evaluate the condition of the company.
Consider the attached sample template for your convenience.