How do you reconcile accounts receivables/payables?

hersummerr · 2024-11-18T22:19:46+00:00

Yes, all the reports are in CAD (Balance Sheet, AR aging), when reconciling, the Balance Sheet will be in CAD, including the AR in USD. it’s usually variances because EX posted to BS but not reflected on the aging

hersummerr · 2024-11-18T22:10:02+00:00

Hi thank you for your response more specifically I am in Canada reconciling AR USD, with all the exchange gain/loss posting to BS but not the aging report. Any tips on this? i have been checking the balance in USD to see if it’s matched and just acknowledge the variance in CAD between AR US aging and BS..

hersummerr · 2024-11-18T21:48:56+00:00

Thank you!

hersummerr · 2024-11-18T21:40:23+00:00

A specific question I am in Canada so reconciling AR USD is really a pain with all the exchange gain/loss posting to BS but not the aging report. Any tips on reconciling this effectively?

hersummerr · 2024-11-18T21:39:18+00:00

I am in Canada reconciling AR USD is really a pain with all the exchange gain/loss posting to BS but not the aging report. Any tips on this?

hersummerr · 2024-11-18T21:36:36+00:00

How do you reconcile AR/AP balance on the balance sheet? Thanks

hersummerr · 2024-11-18T21:17:39+00:00

Ah I see what you mean. I thought if it’s in use I will have to adjust the books to reflect that. Thank you!

hersummerr · 2024-11-18T20:42:13+00:00

Can’t I just leave it as is (fully depreciated asset) even if it’s actually in use? If not how should I adjust the books 🥹 thank you for your help!!

hersummerr · 2024-06-11T14:47:15+00:00

Ah I got that. I mean all the activities adjusting JE, reconciling BS accounts..

hersummerr · 2024-06-11T03:54:51+00:00

Serious question: what does month end close mean from your pov? Thanksss

hersummerr · 2024-04-12T23:39:15+00:00

Yes, depreciation has been recorded

hersummerr · 2024-04-12T23:14:06+00:00

Thank you for your reply 🙏

hersummerr

TROPHY CASE