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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The COVID-19 pandemic outbreak has brought forth some unusual happenings across the globe, including the unexpected shutdown of many businesses to slow its spread. With physical locations closed throughout the lockdown, many non-essential businesses are scrambling to implement remote-working policies and to keep operations running to support their customers and staff. The transition to working
As the world continues to respond to the effect of the COVID-19 pandemic, more organizations have established remote working protocols to slow the spread and promote our safe recovery. As a result, an increasing number of businesses are choosing software-as-a-service (SaaS) solutions for financial management and the security of their business data. SaaS refers to