The Sub-Ledger manages outstanding balance of individual debtor/creditor, outstanding balance of individual open item and payment history of individual open item. It also employs both balance forward and open-item principles.
Key Features:
  • Multiple sub-ledgers (for example, accounts receivable, accounts payable, etc.)
  • Multi-currency account
  • Adopt both open item and balance forward bookkeeping methods
  • Provide approval process for new master data (for example, sub-ledger account)
  • Provide audit trails for master data
  • Consolidated multi-currency account statement
  • Aging analysis enquiry and report
  • Account balance and open item enquiry and report
  • Drill-down enquiry from account balance to open item details and to related vouchers
  • Account transactions searching enquiry
  • Account turnover enquiry
  • Consolidated account balance enquiry
  • Outstanding open item report
  • Receivable and Payable forecasting report
  • Automatic revaluation of foreign currency amount and generation of voucher for exchange difference either by account or by open item