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Best practice altering subledger accounting

edited Aug 7, 2026 9:10PM in Lease Accounting

Summary:

Sorry I misposted this to lease accounting. It should go to subledger accounting.

What's the best practice to changing subledger rules so that prior invoices don't get altered based on the new rules? We understand that the accounting method is the only place that has effective dating. All components of an accounting method do NOT have effective date, implying changes to these components could impact how a subledger item was previously transacted. Are we supposed to create all new components and then load them into a new effective dated accounting method (while keeping the old components intact).

For added context see below

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