Subledger Overview
A guide to Subledger Overview in Fynapse.
Overview
The Subledger is a database used to store a detailed subset of double-entry accounting transactions.
The data are stored in the Subledger at a more detailed level than a general ledger (GL), which aids analysis, reconciliations, and substantiation without overloading the GL. The Subledger provides greater timeliness of financial data compared to a GL, as it operates on a subset of financial information.
A subledger:
- Provides a detailed data store for accounting data at the most granular level
- Feeds summarized entries into the general ledger (GL) for accounting and reporting
- Allows for a thin GL
- Provides a data foundation for reporting and analytic tools
General Principles
- The subledger stores data at the level of debit/credit pair
- The definition of the Journal Line is fully configurable by the client
- All ingested journal lines must conform to the Journal Line Definition configured in Fynapse
- All ingested journals must pass a number of integrity checks
- It is possible for clients to define different accounting treatments as per
- Users can easily view and interrogate at both the journal line and balance level
Input and Output Data in the Subledger
Inputs
Subledger inputs may come from a variety of different sources, such as Accounting Engine, Manual Entry, External Upstream System, and may be of different types, e.g., journal, reference data, FX rate.
Outputs
The outputs from the subledger are Journal feeds to downstream systems, used for:
- Aggregated financial reporting (e.g., general ledgers/consolidation systems)
- Internal management reporting
