Posting to the Accounts Receivable Subsidiary Ledger
The Accounts Receivable Credit column is posted daily to the accounts receivable subsidiary ledger to keep customer accounts current. To post a cash receipt transaction to an account in the accounts receivable subsidiary ledger, follow these steps:
Step 1: Enter the date of the transaction in the Date column of the subsidiary ledger account.
Step 2: Enter the journal letters and the page number in the subsidiary ledger Posting Reference column. Use CR for the cash receipts journal.
Step 3: In the subsidiary ledger Credit column, enter the amount from the Accounts Receivable Credit column of the cash receipts journal.
Step 4: Compute and enter the new balance in the Balance column. If the account balance is zero, draw a line through the Balance column.
Step 5: Return to the cash receipts journal and enter a check mark in the Posting Reference column.
