Subsidiary Ledger

A subsidiary ledger provides a detailed breakdown of accounts within the general ledger, focusing on individual customer accounts. It allows businesses to maintain a granular view of transactions and balances for each customer while keeping the general ledger more streamlined.

Subsidiary ledgers help businesses track individual customer payments, aging schedules, and credit limits. Automating updates to the subsidiary ledger ensures that data is accurate and synchronized with the general ledger in real-time.

This integration between the subsidiary and general ledger reduces manual errors and improves the accuracy of financial reporting. AI-driven systems can flag discrepancies and automatically update accounts, ensuring that customer balances are always correct. Effective management of subsidiary ledgers is vital for businesses to maintain financial accuracy and optimize AR operations.