A subsidiary ledger or subledger represents a section of transactions that roll up to the general ledger. For example, a general ledger will include multiple subledgers for things such as accounts receivable, cash, expenses, assets, etc. The relationship between subledgers and the general ledger are many to one. For example, a business many have cash in multiple bank accounts and investment funds. These all represent cash which are managed in separate subledgers that roll-up to the master cash account in the general ledger.
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Every new year sees new challenges, opportunities, and innovations for businesses across every industry. The lightning pace at which some companies need to be able to respond to or capitalize on changing markets and consumer expectations has resulted in many businesses adopting ERP (enterprise resource planning) systems to create and maintain competitive advantages while reaching
ERP (enterprise resource planning) systems are one of the most valuable tools for effectively integrating and managing many facets of your business. Understandably, getting up and running with an onsite ERP system can be expensive once you factor in the costs of purchasing the software, installing and maintaining the hardware and applications required by it,