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Post Info TOPIC: Balance sheet Reconciliation
Crina251075


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Balance sheet Reconciliation
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Hi guys,

I use Sage100 and need to do Balance sheet reconciliation. what accounts shall I reconcile and how to start?

Many thanks,

Crina



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Cheshire


Master Book-keeper

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Debtors. Creditors. VAT. Net wages. Just to name a few.

Eg Net wages should be nil once the wages have been paid. So is it? if not - does it ONLY represent the wages that are due to be paid in the next few days? if so then that is ok. If not - why not? So you need to maybe start to go through and cross tick it all to ensure you eg havent forgotten to post your payroll journals one month/week etc.

Check the total  of all your individual debtors accounts match the debtors control account. 

etc



-- Edited by Cheshire on Thursday 16th of June 2016 09:15:49 PM

__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
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