Subledger Reconciliation
What is Subledger Reconciliation?
Subledger reconciliation is the process of comparing and reconciling the balances recorded in the general ledger with the balances recorded in the subledgers of an organization.
In accounting, subledgers are subsidiary records that contain detailed transactions for a specific account or group of accounts. Examples of subledgers include accounts receivable, accounts payable, inventory, and fixed assets.
If you are among those businesses that still use manual accounting methods, then you should consider shifting to an automated accounting system.
