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 details

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

This list shows the tabs that are available:

  • Reconciliation Details: Shows the record with period amount where you can view the Receivables Tie Back report.
  • Reconciling Items: Use to create any reconciling differences for the period. Reconciling items can be carried forward to future periods or can be created for a period range.
  • Non AR Journal Transactions: Shows any GL transactions that were not generated from Receivables.
  • Ledger Transactions: Shows the GL transactions that are posted for that period. You can also create reconciling items and distributions from this tab.
  • Distributions: Use to adjust journal entries, for example, a write-off of an item and amount.
  • Comments: Optionally, provide comments.