Use the Reconcile to GL window to reconcile Payables Management or Receivables Management to the General Ledger. To open this window, click the Financial series button and click Reconcile to GL on the Routines content pane.

 

To begin the reconcile process, select the sub-ledger to reconcile and identify which accounts in General Ledger correspond to the Payables or Receivables Management ledger. More than one account can be entered.

 

For example, select each of the Accounts Receivable accounts in General Ledger to which customers’ outstanding balances are posted. In addition to Accounts Receivable accounts, other accounts such as Sales Discounts Available may be entered. The balance of all the accounts entered in this window is the amount to which the sub-ledger balance is reconciled against.

 

Next, enter a date range. Only sub-ledger and General Ledger transactions posted within the specified date range display in detail for the reconciliation process. For sub-ledger transactions, the General Ledger posting date, not the document date, is used to determine if a transaction falls within the date range.

 

 

FIGURE 15: RECONCILE TO GL WINDOW