Receivables reconciliation

Receivables reconciliation is used to reconcile a receivables accrual account.

When a Receivables account is scheduled for the period, the ledger amount is displayed in the Ledger Amount field.

Supporting detail

To provide supporting detail for the ledger amount, generate the Receivables Tie Back for the period end date.

  • The Reconciliation Details tab shows the record with period amount and this is where you can view the Receivables Tie Back report.
  • On the Reconciling Items tab, create any reconciling differences for the period. Reconciling items can be carried forward to future periods or can be created for a period range.
  • The Non AR Journal Transactions tab shows any GL transactions that were not generated from Receivables.
  • The Ledger Transactions tab shows the GL transactions that are posted for the period.
  • The Distributions tab is used to create adjusting journal entries. An example is a write-off of an item.
  • Optionally, provide a comment on the Comments tab.