The "AR Reconciliation Report" shows the summary amounts of various AR reports, that are used to reconcile AR. This report mainly has 3 parts
a) Period Beginning Balance
b) Period Activity in different Areas and their differences
c) Period Ending Balance
AR is reconciled when the
"Aging on the beginning of the Period" +
"TheTotal Activity in the Period" =
"Aging on the end of thePeriod"
Total Activity in a period is calculated as follows:Transaction Register for the Period
(-)Applied Receipts Register for the Period
(-)Un-Applied Receipts Register for the Period
(+)Adjustments Register for the Period
(-)Invoice Exceptions for the Period
(+)Rounding Differences for the Period (*)
(+)Credit Memo gain/loss for the Period(*)
(*) These can occur only in the case of foreign currency transactions.
This is good.Could you please post more about AP,AR sub ledgers, how the interface will happen from these sub ledgers to GL.And how AP/ar trail balance will be prepared in ERP environment.
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