Accounts receivable balance report
Requirement
A trial balance report that includes accounts receivable balances is a commonly requested feature in accounting systems. In this particular country, there are no legal requirements regarding the specific layout for printing accounts receivable balances. However, internal financial control practices typically involve reconciling the balance in the general ledger with the customer details obtained from the accounts receivable ledger.
M3 solution
For this purpose, the Accounts Receivable report shows this information for each customer:
- Opening balance
- Period balance
- Closing balance
A specific report shows this information per debit and credit:
- Opening balance
- Period balance
- Period movements
- Closing balance
Configuration guidelines
| Program ID | Program name | Description or comment |
|---|---|---|
| ARS520 | Acc Receivable. Print Balances | Version control and six unique report layouts |
| ARS605 | Trial Balance - AR. Print | Currency handling and two unique report layouts |