It’s something we all dread: organising our business finances! But the fact is, it’s an essential part of setting up any small business. There are numerous benefits of bookkeeping and the importance of it can make or break a business. Besides that, it’s also a legal requirement to maintain detailed financial records such as tracking … Read more
Subsidiary ledgers form part of the accounting process when help is needed to keep track of financial information that isn’t recorded in the books of prime entry. In this guide, you’ll find out more about the subsidiary ledgers, the most common types used and how they fit into the accounting process.