AR Unapplied Receipts amount to be reconciled with GL Figures
The process followed by me:
From the Receipts Summary Form the unapplied receipts details are fetched, exported to Excel and totalled .
From the Accounts inquiry Form the relevant account is queried for the balance.
These two amounts are not tallying. I had checked in the GL for entries other than source Receivables.
Can somebody guide as to how to go ahead with the reconciliation process.
I have run the AR to GL Receonciliation Report which provides a total difference amount with no details.
Further the unapplied status may be changed subsequently, will the application of receipt change the status of 'unapplied back' dated. For eg a receipt remained unapplied during April 2008 and got applied during June 2008.Will the status of the receipt be unapplied when the query is run for April 2008 after the application in June 2008