{"id":10510,"date":"2021-12-09T13:54:13","date_gmt":"2021-12-09T05:54:13","guid":{"rendered":"https:\/\/alexchanglaw.com\/?p=10510"},"modified":"2025-03-25T11:49:17","modified_gmt":"2025-03-25T03:49:17","slug":"debtors-ledger","status":"publish","type":"post","link":"https:\/\/alexchanglaw.com\/index.php\/debtors-ledger\/","title":{"rendered":"Debtor&#8217;s Ledger"},"content":{"rendered":"\n<p class=\"has-medium-font-size\">What is a Debtor\u2019s Ledger<\/p>\n\n\n\n<p class=\"has-medium-font-size\">1 A debtor\u2019s ledger is a listing of all individual transactions detailing each debit (invoice) and credit (payment) or vice versa.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">2 The listing will have an opening and closing balance.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">3 Preferably it should have all the outstanding transactions (invoices that are not settled) in the print out in between the opening and closing balance.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">4 The other documents that we need when you sell and deliver goods\/ services to your customers\/ client and the account becomes delinquent\u2026 A debt recovery process will be in order<\/p>\n\n\n\n<p style=\"font-size:25px\">Please click here for <a rel=\"noreferrer noopener\" href=\"http:\/\/alexchanglaw.com\/wp-content\/uploads\/2025\/03\/ACC-Sample-Debtor-Ledger.pdf\" target=\"_blank\">Sample of Debtor&#8217;s Ledger<\/a>, pdf file<\/p>\n\n\n\n<p style=\"font-size:25px\">Please click here for <a href=\"http:\/\/alexchanglaw.com\/wp-content\/uploads\/2025\/03\/ACC-Sample-Debtor-Ledger.xls\" target=\"_blank\" rel=\"noreferrer noopener\">Sample of Debtor&#8217;s Ledger<\/a>, excel file<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Purchase Orders<br>5 Usually this may come in the form of an email or a text message, the seller will respond, usually with a quotation.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Acceptance<br>6 The quotation will be followed by an acceptance.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Payment Terms<br>7 What are Payment terms will be important<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Delivery Order<br>8 Goods will usually be delivered to the buyer\u2019s office or a designated third party.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Delivery to Third Parties<br>9 If a third party is involved you have to let us have the instructions to send to the third party.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Evidence of Acceptance<br>10 Proof that the buyer or the third party received the goods in good condition and order.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Rejection<br>11 Is there any rejections to the goods you have delivered? What are the reasons for the rejection?<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Payments<br>12 Payments or part payments should be reflected in the debtor\u2019s ledger.<br>13 If you have a copy of the cheque or advice of payment will be great.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Correspondence<br>14 This could be in the form of email letters and text messages. The value of electronic communication will be discussed in another forum.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">15 When you send us transcript of messages, do not take screen shots, export them as a Word file.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">16 Many have this habit of sending voice messages. For Voice messages you need to transcribe each and every one of them which you want to rely on, into text.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is a Debtor\u2019s Ledger 1 A debtor\u2019s ledger is a listing of all individual transactions detailing each debit (invoice) and credit (payment) or vice versa. 2 The listing will have an opening and closing balance. 3 Preferably it should have all the outstanding transactions (invoices that are not settled) in the print out in [&hellip;]<\/p>\n","protected":false},"author":1804,"featured_media":11829,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/posts\/10510"}],"collection":[{"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/users\/1804"}],"replies":[{"embeddable":true,"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/comments?post=10510"}],"version-history":[{"count":9,"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/posts\/10510\/revisions"}],"predecessor-version":[{"id":11863,"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/posts\/10510\/revisions\/11863"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/media\/11829"}],"wp:attachment":[{"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/media?parent=10510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/categories?post=10510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/tags?post=10510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}