The Creditors Ledger is multi Company and branch with a "mini" General Ledger for those clients who do not operate their own GL. Allocation of transactions to their respective GL accounts may be performed and, at a later stage, integrated to the General Ledger if required.
The system allows for prioritisation of creditors for those "hard times" payments. Creditors can be marked for payment, a provisional payment schedule produced, and amendments to this schedule applied prior to the actual payment run.
The types of payments include remittance, cheque, combined cheque and remittance, manual payments and direct credit schedule.
Signet offers a full Direct Bank Payment module that may be linked to the Creditors for direct payment to the bank.
The Input VAT report may be produced from the Creditors module, but a full VAT report, modelled on the VAT 201 form, can be run from the VAT section.
Some of the outstanding features of the Creditors module are: