Lennox Computer LILAC Business Software
8/14 Ashtan Place, BANYO 4014
Brisbane, Australia
http://www.lennox.com.au
Enterprise Automation ERP Business Software
Distribution, Manufacturing, Job Costing
eMail: info@lennox.com.au
Phone: 07 3267 7880
Est. 1980
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LILAC eCommerce
LILAC Creditors Ledger
The Creditors Ledger (or Accounts Payable) is the accounting ledger tracking money owed by the business to suppliers of goods and services on credit accounts, and who receive payments according to an agreed ageing of debts.

The Creditors Ledger is an integrated part of LILAC. Most credits are created by the operation of other parts of the software, ie procurement and purchasing order processing.

LILAC Creditors are implemented as an "open-item" regimen rather than a "balance forward" style. This means that the software tracks details of any unpaid or partly paid items (usually invoices), until such time as they are fully paid. 

The debit entires balancing the credits to the Creditors Ledger may be directed and dissected into any part of the LILAC balancing suite of Ledgers. The Creditors Posting document captures items (invoices from suppliers) for expenditure not processed through the Purchasing module.
Names & Addresses & Mailing Lists
The LILAC Creditors Ledger utilises a standard, general approach to the handling of names & addresses within the LILAC database. That is to say, the name & address used for a creditor has a separate existence in the database and may be utilised in other modules such as mailing, debtors, delivery location, etc.
Cheques, Remittances, and Electronic Funds
Payment selection can be fully automated using the 'Suggest' and 'Apply' function in the Creditor Payment document.

Suppliers who provide banking details may be paid electronically via the Australian banks, ABA Electronic Funds Transfer system.

Cheques can be printed by the software on pre-printed cheque stationery.
Lennox Computer - 07 3267 7880
info@lennox.com.au
Brisbane, QLD, Australia.
Download a Trial Version of LILAC
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