ISSUE/QUESTION : How AR and AP reconciliations are performed on businesses. What are reports and windows used for this process.
Same time, if currency revaluation is performed, how AR and AP reconciliations process will get different ?
Hello
You can use Supplier Ledger Open Items and Customer Ledger Open Items report with detailed layout in order to see GL accounts on the report. After that you can compare balance from reports to GL account balance on GL balance analysis (just update all voucher to GL).
Regarding currency revaluation, since the balance from currency revaluation is only on the GL level I highly recommend posting Account Receivables and Account Payable accounts revaluations using GP9 posting control. You need to select Posting Control in the highlighted field.
You can use a container account under account group of AR and AP accounts for GP9 posting control.
Hope this helps
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