A Ledger Field is a type of Custom Field that allows you to track the total spend against a contract.
ContractSafe has a new type of custom field that allows you to track the total spend against a contract in the system. You can use the Ledger field to capture data such as:
- A total authorized or contracted amount
- Project spend amount
- Tracking amounts listed in invoices, SOWs, or any other spending over the course of the contract
The remaining balance (Remainder) and total amount spent or received (Total To-Date) are displayed at the very bottom of the ledger field section.
The Contracted Amount, Total To-Date and Remainder can all be displayed on the Contract List as well. Like everything in ContractSafe, these new Ledger Fields are easy to set up and simple for your team to use.
See also: How Do I Create a Ledger Field?