26 Subledger
The granular level of data stored in the sub-ledger can be used to generate the accounting entries. It uses data along with implied allocations from allowance, provision, impairment gain or loss, and so on. The sub-ledger generates bookings and reports to feed out to general ledgers, management reporting, and analysis tools. By maintaining detailed data and handling complex calculations and reconciliations, it takes stress off general ledgers. Note that the application only picks up data from the latest ECL and CECL Run. This allows for GL consolidation, and cloud migration, and provides the accuracy and suitability of ledger data.
Subledger supports currency conversion. To enable or use this feature, the user must select the currency as reporting currency while creating the Subledger definition. Please note that the system should also have the currency rate for the currency conversion as per the fic_mis_date before calling the sub-ledger run to add the journal balances as per the selected reporting currency.
A new component GL_ACCOUNT_HIER, which is a General Ledger Hierarchy applicable for Subledger, has been added in the SETUP_MASTER Table. See the Setting Up Setup Master Table section.
- Access Subledger
- Search for Subledger Definitions
- Map the Subledger Roles and Groups
- Create New Subledger Definition
- Edit a Subledger Definition
- View a Subledger Definition
- Execute a Subledger Definition
- View a Subledger Error Log
- Finalize a Subledger Run
- Create a New Version of the Subledger Definition