AP entry's tansfer to gl but amounts not matched? what to do? How to corr

AP entry's tansfer to gl but amounts not matched? what
to do? How to correct it?

Question Posted / ashokfunctional

3 Answers
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AP entry's tansfer to gl but amounts not matched? what to do? How to correct it?..

Answer / ramesh addagonta

While Reconciling AP vs GL we should consider Associate
and account code. Entries which are accounted in AP that
should be posted to GL So amount should be match if not
match there are reasons mentioned below:

1.Credit memo created with advance code, hence difference
2.Laibility code created d in stadard invoice at
distribution leval
3. AP Accrual account code entered in prepayment instead of
advance account code, hence difference
4. Report problem
5.Expense account code entered in the prepayment, hence
difference
6. AP Accrual account code created instead of laibility
code at header leval
7.Invocie applied subsequently
8.invoice cancelled subsequently
9.Manual entry created in GL directly

Is This Answer Correct ?

3 Yes

0 No

AP entry's tansfer to gl but amounts not matched? what to do? How to correct it?..

Answer / milind d

In AP there is option called Correct Accounting entry thru
make the correct changes in accounting entry & run AP
transfer to GL... the entry get corrected & Post it.

Is This Answer Correct ?

3 Yes

3 No

AP entry's tansfer to gl but amounts not matched? what to do? How to correct it?..

Answer / d chitti babu

It will not account and post to GL

it would be on distribution hold in AP

Is This Answer Correct ?

2 Yes

2 No

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