Vendor Ledger

A vendor ledger, such as the one in Wiise, is a comprehensive record of all transactions between a company and its vendors, tracking invoices, credit memos, payments, and adjustments to manage balances and generate reports on vendor activity.

A vendor ledger, like the one in Wiise, is akin to a detailed shopping history book for businesses.

It's a record of all transactions between your company and its vendors, including invoices, credit memos, payments, and any other adjustments.

This ledger helps track the balance due to each vendor and generates reports on vendor activity, making it easier to manage payments and maintain good relationships with suppliers.

It's like a handy tool that keeps everything organised and helps ensure that financial dealings with vendors are transparent and accurate.