The subledgers are an important component of the Accounting of a company. They are used to record detailed information about certain financial transactions that are not recorded in detail in the general ledgers (e.g. in the general ledger). These sub-ledgers allow for more detailed and specific recording and analysis of certain business transactions. The most common sub-ledgers include
- Cash book: All cash transactions are recorded here, both income and expenditure.
- Goods book (stock ledger): This book contains detailed records of a company's goods movements and stocks.
- Accounts receivable ledger (customer ledger): All transactions with customers, including credit sales, are recorded in this ledger.
- Accounts payable ledger (supplier ledger): In this ledger, all transactions with Delivery in particular purchases on credit.
- Fixed asset ledger: This ledger contains detailed information on the company's fixed assets, including acquisition costs, depreciation and book values.
- Bank book: This contains all transactions that are processed via bank accounts.
The use of sub-ledgers allows a company to maintain accurate and specific accounts for different business areas. This makes it easier to monitor, manage and analyse financial transactions in these specific areas.
The sub-ledgers also support the preparation of the annual financial statements by providing detailed information for transfer to the general ledger.
Versino Financial Suite
the Versino Financial Suite is essential for advanced, audit-proof and efficient subledger management in SAP Business One, especially for complex scenarios such as factoring, consignment and cross-partner consolidation. It combines daily operational transparency, automated compliance and maximum analysability. Subledger accounting thus becomes a controlling and strategic instrument that confidently fulfils your requirements for cost allocation, credit control and reporting.