We are delighted to work with Discover to implement our granular sub-ledger to provide a single point of financial control, to generate insights and to assist operations.
What does S/L stand for?
S/L stands for Sub-Ledger
This definition appears somewhat frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of S/L
We have 139 other meanings of S/L in our Acronym Attic
- Subject (police reports)
- Skills And/Or Knowledge
- should know that
- Sales-Ledger (accounting)
- Short and Long (Canada Post)
- Sick Leave (USACE)
- Solid-to-Liquid (ratio)
- Speech and Language (Therapy; education)
- Storyline (Soap operas)
Samples in periodicals archive:
Efficient reconciliation of the General Ledger to the Sub-Ledgers (Intercompany, AP, AR, Accrued Purchases, Cash, Inventory, HITB, Sales Order, Fixed Assets, Customer Deposits, Taxes and COGS as well as outside data sources) ensures that reports tie to the penny and users get a single version of the truth from Great Plains.
With general ledger and sub-ledger capabilities, Financial Studio enables customers to meet International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) while also addressing the requirements of Basel II and Basel III, RAROC, and other risk-related performance measurement ratios.
Classic systems include a reinsurance processing system run on an IBM AS/400, an internal sub-ledger system based on Microsoft .
ALaS iSquare was designed to effectively manage the reconciliation process in three important ways: -- It increases control by providing a granular audit trail from the balance sheet to all accounts, including trades, assets and liabilities -- It enhances visibility by validating balance sheet data through the reconciliation process, allowing any transaction to be confirmed -- It improves transparency by verifying the integrity of sub-ledger and ledger balances "The importance of efficient balance sheet reconciliation cannot be understated," said Archer, "the process is notoriously error prone.
By applying an information standard across all levels of business information within the enterprise--from reporting disclosures to general ledgers to transactional ledgers and sub-ledger systems and back to operational systems--XBRL enables disparate systems to all "speak the same language.
Underutilization of sub-ledgers cause valuable details to be lost and administrative tools to be absent--such as the aging ability of an accounts payable sub-ledger or the details associated with fixed assets.
According to the XBRL International's GL working group, XBRL GL is "based on the model of a sophisticated accounting system's General Ledger journal history file, into which all of the detail from all of the sub-ledgers may flow.