A subsidiary code is a two-character code that identifies the account. It is used to:
Provide a quick way to identify the Subsidiary Control Account during data entry. Any alphanumeric combination can be used to create a subsidiary code.
Control the order of subsidiary accounts on statements. The Statement program uses the subsidiary code to sort subsidiary accounts. Therefore, you should assign subsidiary codes in the order you want to see the subsidiary accounts on statements.
The table below shows examples of codes, descriptions, and account numbers.
Code |
Subsidiary Description |
G/L Account |
AC |
Accounts Receivable |
01-01-1020-1200 |
DD |
Damage Deposits |
01-01-2500-2500 |