It’s easy to manipulate or delete transaction data, especially when Excel is used as a bridge between source data and the general ledger. Accounting is forced into an endless cycle of jumping between Excel and platforms to figure out what happened. They hurt your finance team’s ability to effectively make strategic decisions. Inaccurate financial reporting and a loss of trust in the data can wreak havoc. If your Accounting team needs to reconcile the data in the balance of a general ledger account, then the operational transactions in your subledger weren’t properly calculated to match with the general ledger data. In the simplest terms, subledger to general ledger reconciliation is the process of comparing your subledger and general ledger, investigating the differences between them, and adjusting one and/or the other until they match.īy nature, a subledger and general ledger should contain the same data but with different level of account detail. What is general ledger to subledger reconciliation?
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