Advantage of using Subledger

himali

Dear all,

what are advantages using subledger like vendor card, customer card as well as bank card.
Please explain me..

thank you all in adv ance

chengalasettyvsrao

himali wrote:

what are advantages using subledger like vendor card, customer card as well as bank card.

vendor card, customer card, Bank card are not Subledgers , these Masters what ever the information you entered here , you can use any where in the Nav application.

I think that you are talking about Subledgers like vendor ledger entry , customer ledger entry, Bank ledger entry.

when it comes other accounting packages like Tally , you need to define this Every customer , every vendor in Chart of accounts.it does not give the good look to your COA.

when it comes Navision just define the Only one Account As Creditors Accounts using vendor posting groups like the the vendors

to this account. when you create the Purchase invoice for different vendors system will post that amount to one chart of account .

same as define the Debtors Accounts using customer posting groups like the customers to that account.

In this way your Chat of Accouns are looks good .

himali

what's the main ledger ? is genral ledger is main ledger ?

chengalasettyvsrao

himali wrote:

what's the main ledger ? is genral ledger is main ledger ?

Yes , Account ledger is the Main ledger.

AdamRoue

In many systems posting sales orders will post to the sales ledger. This is referred to as a sub-ledger because the transactions are then posted to the general ledger. In NAV posting a sales order posts the transactions direct to the general ledger, and therefore there is no sub-ledger structure.

ssingla

Sub-ledger is used to separately identify and post a group of transaction of G/L which have the following features :

a) Individual identity of the accounts within the group is not required in G/L reporting.
b) The accounts represents the similar nature of transactions.
c) Inclusion of all accounts of sub-ledger will make the G/L bulky/voluminous making it difficult to analyse.


The normal types of sub-ledgers are : Accounts Receivables, Accounts Payable, Bank accounts, fixed assets.

Sales and Purchase register are not sub ledger but subsidiary books.