Subsidiary Ledger

What Is Subsidiary Ledger?

A subsidiary ledger is an accounting record that contains detailed information about a specific subset of a company's accounts, such as accounts receivable, accounts payable, inventory, or fixed assets. The subsidiary ledger provides a more detailed and organized view of transactions related to a specific account than what is available in the general ledger.

What Are the Benefits of Maintaining Subsidiary Ledgers for Companies?

By maintaining subsidiary ledgers, companies can easily track and manage transactions for individual accounts, reconcile account balances, and generate reports on specific subsets of their financial data.

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