AP subledger reconciliation
Checking that the Accounts Payable subledger, which records individual vendor invoices and payments, agrees with the control account and the supporting records.
The AP subledger, also called the AP subsidiary ledger in some US usage or the PLCA — Purchase Ledger Control Account — in UK and Australian usage, records invoices and payments by vendor. Its total rolls up to the general ledger control account.
AP subledger reconciliation checks that the control-account total and its supporting detail reflect what is owed. Vendor statement reconciliation performs a vendor-by-vendor check against each supplier's statement.
An AP subledger reconciliation can be an internal check of your own records. Vendor statement reconciliation also uses the vendor's external statement, which can reveal an invoice that was issued but never entered in your ERP.
Related terms
Statement Zen Academy Team — Practical guidance based on Statement Zen's vendor statement reconciliation work. · Last updated