subledgers
Detailed account books
Subledgers are subsidiary accounting records that provide detailed breakdowns of transactions summarized in a general ledger.
A company's accounts receivable subledger, for instance, tracks individual customer balances that roll up into a single line item in the main ledger.
The auditors requested access to all subledgers to verify the consolidated figures.
Also called subsidiary ledgers.
Accounting with paired entries
- GAAPFinancial reporting conventions
- bookkeepingRecording financial transactions systematically
- journalsPeriodicals or personal logs
- postingPublishing content online
reconciliation · accruals · adjustments · debits · credits · balances · amortization · depreciation
Itemized payment demands
- receiptsTransaction documentation
- paymentsMoney given for obligations
- purchasesGoods obtained for money
- salesRevenue from goods moved
vouchers · entries · disbursements · credits · debits · fees · revenue · expenses
Catalog of held assets
- cashReady spending funds
- payrollStaff wages collectively
- intercompanyBetween related business entities
- equityImpartial treatment or ownership value
liabilities · assets · work-in-progress · tax
Written proof or instructions
- filingStoring documents systematically
- archivingStoring for long-term keeping
- indexingSystematic organization for retrieval
- catalogingSystematic organization into records
register · logbook · classification · coding · verification · backup · retrieval · storage
double-entry
Accounting with paired entries
- GAAPFinancial reporting conventions
- bookkeepingRecording financial transactions systematically
- journalsPeriodicals or personal logs
posting · reconciliation · accruals · adjustments · debits · credits · balances · amortization · depreciation · consolidation
invoices
Itemized payment demands
- receiptsTransaction documentation
- paymentsMoney given for obligations
- purchasesGoods obtained for money
sales · vouchers · entries · disbursements · credits · debits · fees · revenue · expenses · expenditures
inventory
Catalog of held assets
- cashReady spending funds
- payrollStaff wages collectively
- intercompanyBetween related business entities
equity · liabilities · assets · work-in-progress · tax
documentation
Written proof or instructions
- filingStoring documents systematically
- archivingStoring for long-term keeping
- indexingSystematic organization for retrieval
cataloging · register · logbook · classification · coding · verification · backup · retrieval · storage · traceback