We'd love to hear from you! Provide  feedback  to earn a badge today. Take our quick survey
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Cash Clearing account is not balancing to zero

Received Response
26
Views
2
Comments
edited Oct 7, 2019 4:01PM in General Ledger & Intercompany 2 comments

Content

During month ends, we are finding that Cash clearing accounts are not balancing to zero.

We follow these steps:

1. Create, validate, pay and Post Payments, - Creates liability to Cash clearing accounting

2. Reconcile with Bank statements and post to GL - Creates cash clearing to Cash accounting

But, we are finding, Sometimes there are debit part or credit parts are not showing in Inquire detail Balances. Leading to balances showing for clearing accounts.Invariably, forcing us to create manual journals to balance.

The Cash to GL recon report, donot have any recon data. It is clean.

So, Kindly let me know, Are we missing any steps? or process to run?If possible, provide the steps to follow for having zero balance for cash clearing accounts.

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!