Ledger Functionality

The system that puts power where you need it.

FastTrack Integrated Ledger is exactly what the name implies: fully integrated with FastTrack SkillsBase and Recruitment Manager, and with FastTrack Recruitment Payroll Manager. You benefit by real-time processing of transactions within Debtors, Creditors and General Ledgers, all date-driven rather than period-driven.

• Changes to contact details in FastTrack SkillsBase and Recruitment Manager, and FastTrack Recruitment Payroll Manager are automatically transferred into Debtors Ledger – and vice versa.
• Comply easily with State and Federal tax changes, using our updates service.
• Chart of Accounts
• Create an unlimited number of accounts, with main and sub-accounts.
• Group for reporting in Balance Sheet and Profit & Loss accounts.
• Sort by name or number.
• ‘Drill down’ through accounts to view individual transactions.
• Journals
• Create any number of journals to maintain accounts.
• Split journals as required: one-to-many, many-to-one, many-to-many.
• Allocate journal items to Client, Job Order or cost centre.
• Reconciliation
• Reconcile creditors, debtors, petty cash, bank accounts and credit cards, at any time.

Debtors

• Create invoices, credit notes, refunds, and receipts.
• Show GST and Payroll Tax separately on invoices.
• Automatically transfer sales to Revenue account, and Payroll Tax to Liabilities.
• Allocate your invoices to Job Orders and cost centres.
• Use standard (default) invoicing terms for consistency in generating invoices.
• View any invoice generated in FastTrack Recruitment Payroll Manager.
• Accept part and full receipt by debtor of your invoices.
• Receipt one or multiple invoices.
• Create daily banking deposit slip from receipts.
• Facilitate debt collection by creating a debtors report with Client contact details.
• Automatically record Payroll invoices in Debtors Ledger.

Creditors

• Maintain all Creditor details.
• Input suppliers’ invoices and credit notes.
• Allocate supplier invoices to a Client, Job Order or cost centre.
• Simply maintain supplier information across the whole system.
• Pay suppliers’ invoices in part or in full.
• Pay supplier’s multiple invoices.
• Pay supplier’s invoices individually.
• Print cheques automatically to your customised format.

Contact us for more ways to simplify the management of your debtors, creditors and general ledger transactions.