Most systems are setup with subsidiary ledgers including but not limited to:
- AP has Vendors
- AR has Customers
- Payroll has Employees
Journal Entries are suggested as last choice to use for entries since they are generic and non-specific.
where AP and AR capture invoice numbers and invoice dates and details including tracking on Aging.
Many systems have a field on JE's called NAME that is used for Employees/Vendors/Customers so if
using generic JE's for entries, you might have to work around normal accounting system procedures.
