Verifying Account Balances in Italy

This table lists the standard procedures that companies in Italy should perform before month-end reporting is completed.

Procedure	Report	Description	Frequency
Verify that document numbers are in sequence.	Sequential Number Report (R74099A, R74099B, R74099C, and R74099D)	This report shows any interruption in the document number sequence and in the registration date sequence.	Daily
Print a list of all unposted batches.	Unposted Batches Integrity Test (R007011)	This report shows any unposted batches. Post all batches before you verify balances.	Weekly
Verify that the batch detail and batch header information match.	Transactions to Batch Headers Integrity Test (R007021)	This report shows mismatches between batch headers and the individual transactions within the batch. Mismatches might include transactions for which no batch header or posted transactions exist.	Weekly
Balance the AR and GL ledgers.	A/R to G/L by Batch Integrity Test (R03B701)	This report checks the balance between the F03B11 and F0911 tables by batch number. If the Customer Ledger (F03B11) and the Account Ledger (F0911) tables are out of balance, use the Supplier/Customer Totals by Account report (R09450) as an additional verification tool. The report also shows anomalous situations regarding the payment status.	Weekly
Balance the AR and GL ledgers by accounting class.	A/R to Account Balance by Account ID (R03B707)	This report matches the F03B11 table to the Account Balances (F0902) table by accounting class.	Weekly
Balance the AP and GL ledgers.	A/P Original Documents to G/L by Batch Integrity Test (R04701)	This report checks the balance between the Accounts Payable Ledger (F0411) and F0911 tables by batch number. If the F0411 and F0911 tables are out of balance, use the Supplier/Customer Totals by Account report (R09450) as an additional verification tool. The report also shows anomalous situations regarding the payment status. Note: If the Bolle Doganali are entered as prepaid documents, the ledger and the Customs debit account might be out of balance.	Weekly
Balance the AP and GL ledgers by accounting class.	A/P Originals to G/L by Batch Integrity Test (R047001A)	This report matches the F0411 and F0902 tables by offset account.	Weekly
Print trial balance reports.	T/B by Object and Subsidiary (R7409C3) Trial Balance by category code 21, 22, 23 (R70472)	These trial balance reports print by object.subsidiary and by category codes 21, 22, and 23.	Monthly
Print monthly VAT reports.	Monthly VAT Report (R004051)	Print a version of this report for EU VAT purchases to show the currency amounts of your invoices. Print other versions of the report to show the rest of the VAT ledgers.	Per tax regulations