Memorandum Accounts

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[16.8.41] Added ability to create custom subsidiary ledgers

The latest version supports custom subsidiary ledgers. A subsidiary ledger is a group of similar accounts whose combined balances equal the balance of a specific balance sheet account. An example of a subsidiary ledger is “accounts receivable” where the balances of all customers accounts equal the balance of the Accounts receivable account on the balance sheet. Or inventory, where the total value of all inventory items on hand equals the balance of the Inventory on hand account. Some businesse…