What is subledger in SAP FI - Financial Accounting?

SAP Term: subledger

• Component: FI

• Component Name: Financial Accounting

• Description: A ledger that has the purpose of representing business transactions with customers and vendors. Subledgers in assets accounting are ledgers that represent the development of asset values.

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• Key Concepts: 
  Subledger is a component of SAP Financial Accounting (FI) that allows for the recording of financial transactions in a separate ledger. It is used to track and record all financial transactions related to a specific account, such as accounts receivable, accounts payable, and inventory. This allows for more detailed and accurate reporting of financial information. 
  
  How to use it: 
  Subledger can be used to record all financial transactions related to a specific account. This includes transactions such as sales, purchases, payments, and receipts. The subledger can also be used to track inventory levels and other related information. 
  
  Tips & Tricks: 
  When using subledger, it is important to ensure that all transactions are accurately recorded and that the data is up-to-date. It is also important to ensure that the subledger is properly reconciled with the general ledger on a regular basis. 
  
  Related Information: 
  Subledger is closely related to the general ledger, which is the main accounting system used by businesses. The general ledger contains all of the financial information for a business, while the subledger contains more detailed information about specific accounts.