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  • Subsidiary Ledger Reconciliation Guide - Blackbaud, Inc.

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The FinancialEdge Subsidiary Ledger Reconciliation Guide 101811 2011 Blackbaud, Inc. This publication, or any part thereof, may not be reproduced or transmitted in any form or by any means, electronic,.

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What is a Subledger? A subledger is a ledger containing all of a detailed sub-set of transactions. The total of the transactions in the subledger roll up into the general ledger. For example, a subledger may contain all accounts receivable, or accounts payable, or fixed asset transactions.

Reconcile Bank Accounts From a bank account record action bar, select Reconcile. From a bank register action bar, select Reconcile. When bank feeds are enabled, and an online bank account is linked to a bank account in Financial Edge NXT, select Reconcile from the bank feed action bar.

Both general ledger and subledger accounts are used to record financial transactions. The primary difference between the two is that the general ledger is a set of master accounts, whereas the subledger is a set of accounts that is a subset of the general ledger.

Types of Subsidiary Ledgers Examples of subsidiary ledgers are the accounts payable ledger, accounts receivable ledger, fixed assets ledger, inventory ledger, and purchases ledger.

Reconcile Subledger Accounts The process finds all transactions and accounting entries that contributed to the out of balance situation. Exceptions are automatically identified. For example: Transactions that don't have complete accounting. Amounts that don't tie to the accounting entry amount.

The Reconciliation Process Compare the opening balances of the general ledger account and the sub-ledger listing with the prior period reconciliation statement. ... Compare the transactions recorded in the current period in the general ledger to those recorded in the sub-ledger. ... Investigate differences and classify them.

An accounts payable reconciliation is the comparison of the general ledger account balance and the total of the subledger, the identification of differences, and the processing of adjustments. It results in a reconciliation statement that shows agreement between the subledger and the general ledger.

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© Copyright 1997-2025
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3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232