Click Process to calculate balances for Payables Management or Receivables Management and the General Ledger.

 

These balances include:

•     beginning balances

•     the difference between the beginning balances

•     transactions entered during the date range specified

•     the total ending balances

•     the difference between the ending balances During this process, Microsoft Dynamics GP also matches transactions from Payables or Receivables Management to the distribution lines in General Ledger. 

The process identifies the following:

•     transactions that exist in both the sub-ledger and General Ledger

•     transactions that exist in either the sub-ledger or General Ledger, but not both

•     transactions that potentially match, but don't meet all the matching criteria

 

During this process the sub-ledger and General Ledger balances may match, but the system may still find exceptions. For example, an invoice for $75 is posted into Payables Management, but the distributions are not posted to General Ledger because the posting settings were incorrect. The mistake is found and a journal entry is manually entered into General Ledger.

 

The $75 is in both Payables Management and General Ledger, but the transactions are not linked through an audit trail code, document number, etc. The transactions may be identified as potential matches, but they are also identified as exceptions.