Hi,
I am trying to track down the reason for a difference between balances between the Vendor Balance List and the Trial Balance.
It seems that when these reports were ran last month there was no difference, however right now there is a difference in the balances for two vendors (although credit and debits are the same). The difference now seems to go back a couple years and start at the beginning of a financial year, despite matching until recently:
Financial year July 2019 - June 2020: Closing balance -30,880,227.48
Financial year July 2020 - June 2021: Opening balance -30,879,775.97
The only change that has happened as advised by the accountant is that there was an incorrect foreign exchange rate used and subsequently corrected. Could this have had an effect on a locked period?
Have tried:
- Vendor to Ledger Reconcilliation shows no differences
I would greatly apreciate any suggestions or insights relating to this.
Thanks,
Samuel
