RECONCILE TO GL

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Posted on by Refeesh Ali

5,201

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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sandipdjadhav 18,306 on at

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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

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Refeesh Ali 5,201 on at

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Thanks Mr.Sandip

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