"Subledger accounting" refers to supplementary accounting kept in parallel with the main accounting. It serves to track and document specific business transactions or accounts separately to gain more detailed insights into specific financial areas. Supplementary accounting can be used, for example, for special cost types, projects, departments, or assets.
Typical functions of software in the "Subledger accounting" domain include:
Account management: The software allows for the creation and management of subsidiary accounting accounts for various business areas, projects, or cost types.
Booking recording: The software enables the recording of bookings and business transactions in the subsidiary accounting accounts to document the financial transactions accordingly.
Integration with main accounting: The software can seamlessly integrate with the main accounting to ensure consistent and accurate bookkeeping across all accounts and financial areas.
Reporting: The software provides features for generating reports and analyses that represent specific information from subsidiary accounting to enable detailed insights into the financial performance of particular business areas or projects.
Budgeting and control: The software supports budgeting of costs and revenues as well as control of expenditures and incomes in the subsidiary accounting accounts to ensure compliance with financial goals.
