AR to GL Reconciliation Report does not Match our AR Aging
SummaryAR to GL Reconciliation Report does not Match our AR Aging
Every month-end, the AR Manager completes her reconciliation activities to make sure that the AR subledger and GL balances. There are always a few journal entries going to the wrong accounts which get correct but overall, the AR to GL always balances after these corrections.
The issue we are facing is that our AR Subledger Balance in that AR to GL Reconciliation report does not match our "Collections Aging by Collector 7 Bucket Report". Therefore, we are wondering what could be causing this discrepancy? This doesn't relate to the GL and technically speaking, shouldn't every AR transaction be part of our Aging?