A general ledger contains all balance sheet and income statement accounts. A general ledger controlling account represents a summary of transactions recorded in a subsidiary ledger. In turn, a ...

Accounts Receivable Subsidiary Ledger vs. General Ledger As the name suggests, a general ledger is a ledger that records all of a business's transactions.

Accounts Payable Subsidiary Ledger Details The subsidiary ledger is a job sheet for total payables owed to suppliers. The aforementioned general ledger is a central archive for tracking all ...

Control accounts are summary ledger accounts that aggregate balances from detailed subsidiary ledgers. They are used to simplify general ledgers, improve reporting efficiency, reduce errors, and ...

Reconciling an AP Ledger. If you are self-employed or the owner of a small business, you might be tempted to postpone certain bookkeeping chores, such as reconciling your subsidiary ledgers to ...

The Morning Ledger from CFO Journal cues up the most important news in corporate finance every weekday morning.