RECONCILE TO GL

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Posted on by Refeesh Ali

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hi,

i am closing the year for 2012. i am closing the steps based on the customer source knowledge base(Article ID : 888003). when i reach to Financial module i have to know do i need to perform "reconcile to GL" before closing year end. if yes, which account i have to choose (is it returned earnings account) and what is the date i have to choose by default it is coming November month (1/11/2012 and 30/11/2012). please advice.

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Refeesh Ali 5,201 on at

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RE: RECONCILE TO GL

Thanks Mr.Sandip
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sandipdjadhav 18,297 on at

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RE: RECONCILE TO GL

Reconcile to GL you need to do when your subsidary Balance is not matching with GL Account. E.g. Your Total Receivables (Customers) balance is not matching with GL -Receivable A/c . Vendors Balance is not matching with GL-accounts Payable then only you need to do reconcile to GL otherwise no need.

Thanks

Sandip