![]() This verifies that the sub ledger beginning balance has a valid cutoff (that it includes all activity thru the end of the prior days handling and no activity from the current days handling). ![]() The only method to prove that the beginning balance being used during this process is valid is to have already balanced the sub ledger for the prior day’s activity. Confirm that the sub-ledger was in balance at the end of the prior day. ![]() This produces a report with an effective cutoff. The report can remain managed automatically by the system at night and the system date can be changed to make sure that the next day’s transactions will be sent using the proper date. This is usually proficient through running the report after hours as part of the nighttime procedure. An effective report can only be created if it is run at the proper time. The ending sub-ledger report should contain all activity through the end of the day being balanced and no activity after that date. The ending sub-ledger report is a point in time report (a snapshot of the invoices at that point in time). The AP sub-ledger is accustomed as transactions are managed. The Open Accounts Payable or the Accounts Payable Aging report may be used for this determination. Create a valid ending sub-ledger report.This will not be a subject if you are balancing to reports run at the end of the previous day. ![]()
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