Answer / brian mcvicker

A sub ledger is used for tracking individual items and
transactions separate to the General Ledger (GL). Sub-
ledgers may exist for, but are not limited to Accounts
Receivable (AR), Accounts Payable (AP), Inventory and Fixed
Assets etc. Without a sub-ledger individual customers or
inventory items would require their own GL code making the
GL unnecessarily large. Sub-ledgers also allow for more
specific detail to be included in transaction details. Each
sub-ledger links to the GL by way of a control account
(e.g. Debtors control the AR sub-ledger etc.). The total of
the sub-ledger account should equal the balabce in the
control account at all times. Individual transactions
should be posted via sub-ledger not directly to the control
account. Reconciliations should be performed between the
sub-ledger and control account on at least a monthly basis
to ensure this is the case.

Answer / krishna

Sub ledger accounts are AR/AP/Asset Accounting etc. These
are sub ledger accountes in FI Main Module. These
transtions are mapped thru Reconciliation Account . Thru
Reconciliation account an automatic corresponding posting
will be done in GL . Sinc these sub ledgers are maintaind
at Client level and GL are maintained at C.Code level , we
nned to bridge the gap. Reconciliation account will sufffse
the purpose.

Answer / kiran konujula

Sub Ledgers are A/P , A/R and Asset Accounting to FI Module.
All the Postings to these sub modules must reflect in
general ledger.
1)All the postings of A/P and A/R will reflect in general
ledger through reconciliation accounts.
Reconciliation accounts must mentined in customer and vendor
master records(XK01 and XD01.
2)All the postings of Asset Accounting will reflect in
general leder through Account Determination.
Account Determination mentioned in Asset Class.Asset Master
record is created using this asset class.
All gl accounts are assinged in "assing gl accounts config
step(AO90)

Answer / suvankar pal

Sub ledger is the master data of Vendor, customer and Assets
A/C. Individual Item wise report we can get from it. By
reconciliation account sub ledger are linked with general
ledger where we can get the merged report. i.e. Total of
Assets, Customer & Vendor in Balance Sheet.

Answer / mohan

GL a/c is a consolidated a/c for sub-ledger. It is not
possible to show the line item wise details of all the
Customers, Vendors & Assets in the B/S. So whatever the
postings made in these sub-ledgers will get posted into GL
a/c. The GL(Recon a/c)will be linked in the Customer,
Vendor & Asset Master data.

Answer / bnvdiwakar

In genral ledger 3 type of sub ledgers .
1. Account receiveble
2. Account payble
3. Asset accounting
this are the subledgers in accounting. After that this sub
ledgers coverted to the genral ledger accounting.

Answer / oscar l palma

sub ledgers are usually entries which needs constant
monitoring due to the density of its documentation daily
and needs also to be accounted for payments and sometimes
for collections. Thats why it must be linked to GL for
balancing the whole accounts.

Answer / venkathshrankar

Sab ledger are a counts that have make transaction code
make many postings to the SAP for mankind to use for
transactionally.

Answer / naveen

SUB LEDGER (Depatmental Operating Accounts)
An account in the Sub Ledger has a non-zero first digit (eg. 3-3XXXX) and reflects all budget, revenue, expense and encumbrance activity for the current year. Except for a very few cases, all requisitions should be prepared using Sub Ledger accounts.

what does filed status group assigned to a gl master record controls..?

4 Answers  

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0 Answers  

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0 Answers