SUBLEDGER Definition

Bookmark and Share

SUBLEDGER is for the purpose of organizing revenue and expense transaction for only one account, e.g., For an individual salesperson, like a general ledger, the subledger has different default account types, each from a salespersons perspective, not a company perspective. Thus, Due is due to the salesperson and Payable is payable by the salesperson.

Learn new Accounting Terms

LBO see LEVERAGED BUY-OUT.

FIXED EXPENSES in the operation of a business are those expenses that remain the same regardless of production or sales volume, i.e. do not fluctuate with sales volume. Contrast with VARIABLE EXPENSES.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.