How is sub ledger linked to GL?
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Answer / anil naidu
Reconciliation is the bridge between the main gl and sub
ledgers, so by using this reconaccount we can get the
consolidated report.
one more thing is we can not do direct postings in Recon
accounts.
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Hi
If you really want to know (conceptually) the link between a general ledger and a sub ledger then you must know that it is like a parent child relationship. For e.g. Accounts receivable is a GL account whereas balance from Debtor 1, Debtor 2 etc... are sub ledgers of that GL account.
Read this for better understanding> http://www.accountingcapital.com/books-and-accounts/subledger/
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