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Debtors reconciliation enquiry

To use the debtors reconciliation enquiry

Open: Sales Ledger > Sales Enquiries > Debtors Reconciliation Enquiry.

1. Select an accounting period and click Display to view the reconciliation information for the period.

   The following information is displayed:

   Debtors Opening Balance	This shows the closing balance(s) for the debtor's control nominal account(s), from the period immediately before the period you have selected. Note: This balance could change if the relevant sales ledger period is not closed. Further sales ledger transactions may have been posted the next time you use the Debtors Reconciliation Enquiry.
   Invoices, Credit Notes, Receipts and Payments	These show the total of the original base currency value of sales ledger transactions that are posted to the nominal ledger for the selected accounting period. Note: This is based on the period the transactions are posted to the nominal ledger, not the transaction date. For example, you enter an invoice on February 4th that is dated January 29th, and the nominal ledger period for January is closed. The transaction is posted to the nominal ledger in February but will appear in the sales ledger balance for January.
   Opening Balances	This shows the total net value of opening balances dated in the selected period. Opening balances do not update the nominal ledger and so do not carry an accounting period. However, opening balances are included on the aged debt reports. The incorrect use of opening balances can cause discrepancies, so these details are shown to help you identify possible problems with this.
   Currency Adjustments	This shows the total value currency adjustment gains and losses that are posted to the nominal ledger for the selected period. These are: Any currency gains or losses posted to the debtors control account(s) when outstanding invoices are revalued in the selected period. This occurs when you revalue your customer accounts. Any currency gains or losses from the allocation of receipts or payments, posted in the selected period. This occurs when the exchange rate on the allocated receipt or payment is different to the exchange rate on the original invoice or credit note.
   Net Change	This shows any difference between the total sales ledger transactions posted to the debtors control account(s) and the balance on the debtors control account(s) in the nominal ledger.
   Debtors Journals	This shows the total value of any journals that have been posted directly to the debtors control nominal account(s) from the nominal ledger, for the selected period. These are not present in the sales ledger. Note: We recommend that journals are not posted directly to the Debtor Control Account(s).
   Previous Year Adjustments	This shows the total value of any previous year journals entries that have been posted directly to the debtors control nominal account(s) in the selected period. Note: We recommend that journals are not posted directly to the Debtor Control Account(s).
   Debtors Closing Balance	This shows the balance on the debtor's control nominal account at the end of the selected period.
   Discrepancy	This is the difference between the opening and closing balances on the debtors control nominal accounts(s) that did not arise from the sales ledger. The Discrepancy is calculated in the following way: (Debtors Opening Balance + Net Change from Sales Ledger) - Debtors Closing Balance.

2. To display related transactions in the Drilldown Details section of the window, select the arrow to the left of the description.
3. When you have finished viewing the details, click Close.

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