Expected balance on statement versus account balance on balance sheet

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Poini
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Poini
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Expected balance on statement versus account balance on balance sheet

Hi can someone help me

 

I have done the bank reconciliation for this month and than when i print my balance sheet to double check the Account receivable balance is showing as outstanding even though i use received payments and than apply the payment to the invoice. can someone help.

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Ultimate Partner Dee-Workman
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Dee-Workman
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Re: Expected balance on statement versus account balance on balance sheet

Hi @Poini

 

Check the date you are producing your Balance Sheet and then check what date you receipted the payment against the invoice.  If the date paid was after the Balance Sheet date it will still show on your balance sheet.

 

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