Subledger Match Reconciliation Type

This reconciliation type is used when you have a separate subledger process that should be matched to your general ledger balance. The subledger may be part of an integrated accounting software system, or it may be a stand alone system that is manually recorded each month. This type of reconciliation prompts you for the balance in your subledger, and the balance in your general ledger, then allows you to list any reconciling items. The most likely accounts to use a Sub-ledger Match reconciliation are:

• Accounts Receivable - if you have a separate billing system, you probably have a report called the Aged Trial Balance that you will match to your general ledger
• Accounts Payable - most payables systems are integrated with the general ledger, but you still need to verify the entries in the general ledger to make sure no journal entries were posted to the Accounts Payable account in error
• Fixed Assets and Accumulated Depreciation - because of the complexity of fixed asset accounting and record keeping, most companies will have a separate fixed asset system that should be matched with the general ledger each month
• Sales - with a separate billing system the Accounts Receivable reconciliation mentioned above will take care of the Balance Sheet portion of your billing entry, but you may also want to double check the amounts recorded in the Income Statement

You can click on the appropriate link to see an example of the reconciliation.

Each Reconciliation Type has its own unique reconciliation report. Click here to go to the Subledger Match Reconciliation Report to see what shows up on the end of the month report.

Each Reconciliation Type has its own specially designed input form. Click here to go to the Subledger Match Input Form.