How to add a new sub-ledger
Step 1:
From the side navigation, click on the "Accounting" menu. This will expand the sub-menu items.
Step 2:
From the sub-menu items, click on the "Chart of Accounts" sub-menu.
Step 3:
Then you need to click on the "Add new ledger" button. Then a new window will appear.
Step 4:
In this window, you need to enter the details of the ledger and make sure to check the"Sub Ledger" checkbox.
Please note that, * marked fields are required.
As an example, let's add a sub ledger for "IFIC - 1960"under "Bank Charges"
To do this, first select "Bank Charges" from the "Parent Ledger" dropdown. Then, enter "7902" as the "Ledger Code", enter "IFIC - 1960" as the "Ledger Name" and choose "Sub ledger" from the "Ledger Type". Once all fields are completed, click the "Submit" button to save the ledger.
To locate the recently saved/created ledger account, go to the search panel and type the ledger name "IFIC - 1960" in the search bar. After that, the corresponding ledger account will appear.