Party Ledger
In PrismERP, different types of business parties are maintained within the system, including customers, vendors, banks, insurance companies, and agents. Each party is managed with a dedicated financial record that captures all related transactions in a structured manner. The Party Ledger is used to view and monitor these financial transactions for any selected party.The Party Ledger presents a detailed list of all financial activities associated with a party. It includes key information such as Date, Account, Voucher Number, Reference Voucher Number, Other Accounts involved, Description, Product Category, Debit, Credit, Balance, and Previous Balance. Each transaction is recorded in sequence, reflecting how financial movements impact the party’s account over time.
Users can open the Party Ledger by selecting a party from the party list. Once accessed, the system displays all related transactions linked to that party within a single view. The ledger acts as a complete record of financial dealings between the organization and the selected party, covering both inflows and outflows of transactions.The system provides filtering options based on date range, branch, project, account, and category. These filters allow users to narrow down transaction views based on specific criteria relevant to financial review or reporting requirements.The Party Ledger also includes access to detailed journal entries associated with each transaction. These journal records provide supporting accounting details for every debit and credit entry posted against the party. This structure supports financial verification, reconciliation, and audit-related review activities within the accounting system.
| Field | Action |
|---|---|
| From | Select the start date to filter ledger entries from a specific date. |
| To | Select the end date to filter ledger entries up to a specific date. |
| Branch | Select a branch to view entries for that particular branch. |
| Project | Select a project to filter ledger entries associated with that project. |
| Account | Select an account to filter ledger entries for a specific ledger account. |
| Category | Select a category to view ledger entries of a particular type or purpose. |
