What Does a Sales Ledger Manager Do?

A sales ledger manager oversees the day to day management of the accounts receivable. It’s vital to keep track of the balance of money due for goods or services that have been delivered or used but not yet paid for. This is an essential part of cash flow management. Without an up-to-date record, your business would lose track of money that’s owed.

The sales ledger is an account that records every customer of a business and records the money received for products or services, plus what is still owed.

The roles of sales ledger managers, with assistance from clerks, include:

• Recording received payments
• Invoice generation
• Debt collection
• Credit management
• Bank reconciliation
• Adjusting payments
• Analysing accounts receivable reports

How can an outsourced sales ledger manager help?

It’s important to have a standardised process to ensure that customers are sent timely reminders of payments due. That way, you’re less likely to encounter problems with debt or a low bank balance.

It’s not just about recovering debts, it’s also about protecting relationships and future business opportunities. That’s where exceptional communication and customer service skills are necessary.

With the right software and data system integrations, some of the processes can be automated. This will save your accounting department time and resources, while helping your company keep on top of the sales ledger and accounts receivable.

Thinking of outsourcing?

Speak to the expert sales ledger managers at Ratiobox. We work across a wide range of businesses, including SMEs and large corporations. With fully bespoke packages, we’re here when you need us – whether you need an extra helping hand or a team to take responsibility for the whole sales ledger process.

Contact us today to book your free initial consultation. With years of expertise behind us and lots of reviews from businesses like yours, you can trust us to deliver an outsourced accounting service that works around your business needs.