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Evo-ERP and DBA Classic >> Accounting >> AP AGING VS BALANCE SHEET ACCOUNT PAYABLE
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Message started by JereC on 03/12/18 at 13:29:40

Title: AP AGING VS BALANCE SHEET ACCOUNT PAYABLE
Post by JereC on 03/12/18 at 13:29:40

I have an accounting question. Every month I run my AP aging and the Balance Sheet to compare numbers and these always match. However, my new monthly reports do not match, the aging is showing more than that balance sheet. I traced the amount down to a deleted invoice which I thought I handled properly but whatever I did caused the imbalance.

At this point, I am not sure how to bring both reports into balance since I can't do a je, any suggestions.

Thanks, Jere'

Title: Re: AP AGING VS BALANCE SHEET ACCOUNT PAYABLE
Post by prophet on 03/12/18 at 13:42:31

The first step is to look over the Aging and make sure that everything that is on the Report is good and should be there. Any entries that don't belong needs to be cleaned up. Once the Aging report is clean and good. You can move on to the GL. If it still doesn't match after everything has been posted then you most likely will have to make a journal entry to get them back on track.

Title: Re: AP AGING VS BALANCE SHEET ACCOUNT PAYABLE
Post by JereC on 03/14/18 at 10:34:49

I tried the je but it won't let me post it, a notice pops up saying I have to go through the AP module which I think will make the wrong entry and just add to the aging. I need to increase the AP on the balance sheet to match the aging and everything on my aging is correct. Really at a loss.

Title: Re: AP AGING VS BALANCE SHEET ACCOUNT PAYABLE
Post by Lynn_Pantic on 03/15/18 at 15:24:45

That is not stopping you, it is just a warning. You can bypass it and make the entry if that is what you need to do.

Title: Re: AP AGING VS BALANCE SHEET ACCOUNT PAYABLE
Post by JereC on 03/15/18 at 15:30:21

Really, I did not realize that. Thanks!