A Separate Ledger that only records transactions on Receivable and Payable accounts. Account type should be set to Receivable or Payable for transactions to be recorded in Payment Ledger.


A Sales Invoice of ₹1000 and a Payment Entry against that invoice will look like below. Screenshot 2022 05 18 at 11.13.28 AM



Accounts Receivable, Account Receivable Summary, Account Payable and Account Payable Summary uses Payment Ledger as its source.


Payment Reconciliation and its extension Semi-Auto Payment Reconciliation tools uses Payment Ledger to calculate outstanding Invoices. Reconciliation process only updates Payment Ledger.

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