Tom, Thanks for your response. I don't think I explained my problem properly. I did run the GL report for A/R and A/P and they do agree with the BS. What doesn't agree are the Aged Receivables and the Aged Payables. My treasurer states these figures should match A/R and A/P is this correct? Thanks, Karen
Yes they should match, and the only transactions that should be posted to them, should be via sales invoicing and receipts for AR, and via Purchases and Payments for AP. If a General Journal Entry is posted into these accounts, it will throw them off.
Aged Receivables and Aged Payables
Posted - 02/22/2009 : 10:42:58
