Receivables Reconciliation Report

Question

Hi,&nbsp;When I run a Receivables Reconciliation Report for the 31/12/2023 I get an Out of Balance Amount.&nbsp;What would be the likely cause or what comprises the out of balance amount.&nbsp;Balance as per report&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; $116,529.48Receivables Account&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;71,212.23&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;(This equals the balance sheet)Out of Balance&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 45,317.25&nbsp;thank youAndrew

legion · Accepted Answer

The out of balance is the result of a Cash Receipt being posted to 2023 Trade Debtors and allocated to a Jan 24 Invoice.

earl_hd · Answer

Hi Legion,Thank you for sharing how you resolved this issue. If you have any more questions or concerns, feel free to post again, and we will be delighted to assist you further.Regards,Earl

Forum Discussion

Receivables Reconciliation Report - Out of Balance Amount.

2 Replies

Related content

receivables reconciliation out of balance

Reconciliation Out of Balance

unable to produce receivables reconciliation with tax

Aged Receivables Reconciliation

Bank Feed out of balance, but Bank Reconciliation IN balance

Debtors reconciliation/trial balance

Payables Reconciliation out of balance