Accounts Receivable Ledger Template - Free Template Download

Accounts receivable ledger template - Excel — Accounts Receivable Ledger Template Example

Our accounts receivable ledger template is designed in Excel and simple to use. It is also known as sales ledger template. As with all our templates, it is free, and no registration is required. It can be downloaded at the end of this page.

Keeping a list of sales invoices which are overdue for payment is part of credit control and cash flow. With our template, it will show you how many days overdue invoices are, the amount owing and space that you can note communications with the customer.

It is important to contact customers to chase up payments that are becoming due or overdue. Many businesses fail to complete credit control promptly and can then end up with cash flow problems.

Read our guide on how to complete credit control and chasing customers for money.

Accounts Receivable Ledger Template – Instructions

Download the Excel spreadsheet and open it. At the top, enter your business name.

From your sales invoices enter the details for a customer, invoice date, invoice number and amount. The credit terms are accessed from a dropdown list, and you can choose from 7, 14, 30 or net monthly.

Once all the sales invoice details are added it will automatically calculate the number of days the invoice is overdue and post the amount to the correct period.

Sorting Accounts Receivable Data

Once you have several invoices listed, you may want to sort the information by the due date, invoice number or customer name. It is simple to do following the steps below.

1. Highlight the rows that you wish to sort.
2. Using the top Excel ribbon choose – Data – Sort – Use the drop-down list to select the column to sort by.
3. Click OK

Below are two examples sorted by the due date and customer name.

Accounts receivable ledger template sort — Sales Ledger Template Sorted by Date

aged debtors template customer — Accounting Ledger Templated Sorted by Name

Accounts Receivable Ledger Template for Credit Control

Once the data is sorted by customer, it is easier to review the invoices which are overdue for payment. Using credit control procedures decide the best course of action to take. The course of action may be to send out a customer statement, a phone call, email or a 7-day demand letter.

After taking the action, record it in the comments section giving as much detail as possible. It will mean you will always know the next step worth taking.

Removing Paid Invoices

To keep the same amount of rows in the template, once a sales invoice has been paid you need to clear the information from the row (do not delete the row).

1. Highlight the customer, invoice date, invoice number and amount.
2. Use mouse to right-click
3. Select clear contents

You may then wish to sort the data to remove the cleared line. Do not delete the row, as this will reduce the number of rows for the future.

Year-End Accounts Receivable

When you reach your financial year-end the accounts receivable report is part of the management reporting; it is, therefore, worth saving the spreadsheet with a different name. Your accountant may need a copy of the template at year-end to check for any bad debts and ensure the account balances.

You can then continue using the template to keep your records up to date.