The Purchase Ledger
This shows the Consignor Settlement and and General Creditor Settlement. You are able to click on any of the pieces of art to take you to the entry you have for that piece. You are also able to see all those not yet settled and all those which have already been settled, by clicking on the relevant tab.
The Consignor Settlement is when an artist or supplier has provided work on a sale or return basis and the work has been sold, generating the need for a settlement to be made. In order to settle the payment:
Click on the supplier
Click on the tick box for the piece of art in question
Click in the ‘settle’ tick box
Click Statement to generate a statement, this will open the statement in a new tab as a report.
The General Creditor Settlement is when a buyer has bought a piece of work from an artist and they have not yet paid for this purchase. In order to settle the payment:
Click on the supplier
Click the tick box for the piece of art
Click on the ‘settle’ tick box
Click Statement to generate a statement, this will open the statement in a new tab as as report.