août 2023

For instance, your Purchase Ledger contains the following supplier details. But, you can refer to the related subsidiary account if you need to check any detail regarding the sales made to a specific customer. Here, a Subsidiary Ledger is a ledger recording detailed https://www.bookkeeping-reviews.com/journal-entries-examples-format-how-to-explanation/ information of the related Control Account. Accounts Receivable is most commonly

If your beginning balance doesn’t match your statement, don’t worry. Before you start with reconciliation, make sure to back up your company file. It streamlines the reconciliation process, allowing for the identification and resolution of discrepancies more effectively. You’ll want to look at your statement, starting with the first transaction listed and find that same