Comply with accounting regulations of any country

Define accounting rules per set of books

Post different accounting rules to different sets of books

Print reports that correspond to country-specific accounting practices

Comply with legal and fiscal audit trail requirements

Reconcile a subledger accounting system with General Ledger

Audit and control period and fiscal year closing procedures

Define journals (as you can do in General Ledger) rather than using hard-coded categories. These journals must be numbered sequentially to comply with legal requirements.

Assign sequential numbers to the defined journals across applications

Create all accounting entries within subledgers, including miscellaneous entries and intraorganizations entries. No adjusting entries are necessary in General Ledger.

Secure subledger accounting entries. You can either secure accounts individually or secure the procedure to create accounting entries. To secure subledger accounting entries, use control accounts to define accounts. A control account is only accessible from the subledgers. Securing your entries ensures a valid audit trail is on paper. The secured posting makes sure that you are only given access to a range of steps involved in the posting cycle.

Print legal subledger accounting reports (legal trial balances by third parties)

Comply with the granularity level of accounting entries

Define your own accounting entries and the accounts involved

Use an online drilldown to original documents in the subledgers