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Accounts receivable

Reconcile the AR Aging Schedule report to the AR GL account

You can reconcile AR aging information to the year-to-date AR GL account balance by generating the Aging Schedule report and the General Ledger report using the following settings.
Aging Schedule report
Option
Setting
Date
All
As of date
<current period end date>
Discount treatment
Gross
Aging basis
<your preference>
Period definition
<your preference>
General Ledger report
Option
Setting
Date
Current period
Regions to include
<your preference>
Sections to include
<your preference>
Accounting method
Accrual basis (or Client basis if the client is set up as accrual in the Setup > Clients screen)
Journal entry format
<your preference>
note
  • To display detailed information on the Aging Schedule report, use the
    Aging Schedule - Detailed
     report.
  • To display detailed information on the General Ledger report, clear the
    Summarize accounts receivable account
     checkbox in the Journal Entry Format section of the report options.
  • To ease the process of reconciling, we recommend that you post transactions to the posting period in which the transaction date falls.
  • If a client has non-AR transactions posted to the AR account, the general ledger balance will be impacted and differ from the aging schedule total.
  • If a client uses multiple AR accounts, take the combined balance of those accounts into consideration on the General Ledger report.

This article applies to:

  • Product: Accounting CS

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