An accounts receivable subsidiary ledger shows the transaction and payment history of each customer to whom the business extends credit.

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 ...

The accounts payable ledger tracks all of the expenses that your business has incurred and that must still be paid. If you have a high volume of payable activity, the specifics can easily be lost in a ...

Multi-entity accounting involves maintaining distinct boundaries while still being able to centralize the data. ERP systems like Intuit Enterprise Suite can help.