AR Reconciliation out of balance
Hello Team, So one of our client has an out-of-balance amounting to $1,415.62. I tried to trace it but it is simply way way back 2017 or so... tracing it is quite laborious, so we came up with a...
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Hello Shella,
Thank you for this. but it is not a bank reconciliation, its accounts receivable reconciliation and the variance is way back 2017. or so... tracing it is quite unimaginable.
If posting a General Journal will bridge the gap, as the GL balance of the Accounts receivable is lower in the report. how to do the General Journal for Accounts Receivable?
Hi Luckyrooh1,
When doing general journal entry, you may refer to this link for more information. However, I would still highly recommend speaking with your accountant to make sure everything will be entered correctly.
Feel free to post again anytime if you require further assistance.
If my response has answered your inquiry, please click "Accept as Solution" to assist other users in finding this information.
Best regards,
Doreen
