Accounts Payable

Last updated: 2022-05-12

The supplier ledger is a type of secondary register that provides an overview of the company’s supplier debts.

The supplier ledger contains an overview of which supplier invoices have not been paid on the date the balance sheet is reconciled.

There is nothing in the Accounting Act that says you need to have an accounts payable ledger. However, it gives you an overview of the company’s suppliers and accounts payable. The supplier ledger can also be positive from a liquidity perspective as it gives an understanding of what money is expected to go out of the company.