SUBLEDGERS
Streamline subledger processes straightaway.
Harness the power of your subledger data without having to load it yourself.
“We can now eliminate some of the more tedious tasks - such as performing subledger reconciliations, reconciling credit card sales to cash receipts, or posting recurring journals.”
“Switching over to doing our reconciliations in BlackLine has been great. Being able to load information from a subledger has been a game changer!"
The Importance of Subledgers
Accounting processes involving subledgers are typically manual and segregated from financial close activities because of the complexity of financial transactions and the need for detailed and accurate record-keeping.
Common subledgers include:
Accounts Receivable
Fixed Assets
Intangibles
Inventory
Leases
Accounts Payable
Purchases & GR/IR
Payroll
Travel & Entertainment
challenges
Why Manual Subledger Processes Are Unsustainable
Manual Processes
Is your subledger data separate from your close processes? Are you performing the following processes manually?
Booking subledger balances to the general ledger
Summarizing subledger activity and analyzing transactional data
Reconciling total subledger balances to your GL balance
Recording subsystem write-offs and other adjusting enties
Risks & Challenges
Manual subledger processes have downstream effects that carry risk and pose additional challenges:
Discrepancies between subsystems and systems of record
Inability to identify issues or trends
Misstated financial information
Audit issues and compliance concerns
WHY BLACKLINE
What BlackLine Brings to Subledger Processes
BlackLine’s unified financial close platform enables automated subledger processes that centralize and harness the power of subledger data. With increased visibility and additional capacity unlocked through automation, accountants are empowered to deliver increased value to the organization. Only BlackLine automation allows F&A teams to:
Import detailed transactional data from your subledgers into BlackLine
Combine data in a central location and enhance or transform the data automatically to arrive at your desired format
Compare general ledger and subledger data sets to reconcile at a detailed level
Record subledger activity directly to the general ledger and create and post related write-off entries
Link adjustments to the face of the related reconciliation
Analyze detailed transactions and provide timely insights with increased visibility
Want to see step-by-step subledger process examples from your BlackLine peers?
Gain leading practice automation and optimization strategies in our complimentary virtual Optimization Academy.
Optimize More Processes
Subledger processes are part of the BlackLine Nine. With our framework, you can apply proven strategies to optimize key processes.
Accruals
Supercharge your accrual processes by leveraging end-to-end process automation.
Amortization
Save time and increase accuracy by automating and optimizing your amortization processes.
Calculations
Optimize capacity, control, and value by automating your calculation processes.
Rollforwards
Save time, reduce errors, and enhance reporting quality by streamlining and optimizing your end-to-end rollforward process.
Suspense & Clearing
Your suspense and clearing accounts may net to zero, but how much time is your team spending to get there and are you confident in the process?
