Reconciling amounts due to the affiliate organization

  1. After the invoice is updated and posted to General Ledger and Project Accounting (using AP175, GL190, and AC190), the balance in the Due to Affiliate Organization account should be cleared.
  2. You can run detail transaction reports in General Ledger and Project Accounting to help with reconciliation. Some adjusting entries may be required in the event that GM500's labor distribution processing did not round to the exact amount of the invoice.
    Note: To make reconciliation easier, each Accounts Payable invoice or remittance should be reconciled with transactions from its corresponding GM500 run before subsequent invoices and GM500 runs are processed.