Vendor subsidiary ledger

[Former Member]

Hi

Can anybody explain vendor subsidiary ledger

Thanks & Regards

Shammi

[Former Member]

Hi Shammi,

The concept of vendor subsidiary ledger comes from Accounts Payable ( AP ) Module.

Ex: There is a GL Account "Sundry Creditors" in your GL a/c List. This particular GL account shows the balance of all Vendor a/c which which your company operates. So In your balance sheet, TB and other financial statements only the cumulative balance of all Vendors would be displayed.

If I ask what could be the break up of my Sundry creditors by Vendor wise, then I have to go to Accounts Payable sub mobule which is a sub ledger to your GL Module.

In Accounts Payable ( Sub ledger) you will find the break up by each vendor wise............

so in the above concept we can understadnd Vendor subsidiary ledger as each vendor a/c in AP.

Thanks