Sub-Ledger

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