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.
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
- should know that
- Sales-Ledger (accounting)
- Save and Load (cargo)
- Short and Long (Canada Post)
- Sick Leave (USACE)
- Silver Lining (various organizations)
- Solid-to-Liquid (ratio)
- Speech and Language (Therapy; education)
- Storyline (Soap operas)
Samples in periodicals archive:
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 .
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.