How are accounts reconciled to general ledger?

The Receivables to General Ledger Reconciliation report only reconciles accounts receivable for accrual basis accounting, and only reconciles accounting in the primary ledgers.

The Receivables to General Ledger Reconciliation report reconciles the transaction types that impact the accounts receivable in general ledger. These include:

• Invoice

• Debit memo

• Credit memo

• On-account credit memo

• Chargeback

• Adjustment

• Applied receipt

• On-account receipt

• Unapplied receipt

• Unidentified receipt

• Bills receivable

• Bills receivable application

Note: On-account credit memo refund amounts and on-account credit memo gain or loss amounts are included in the Invoices section of the Reconciliation report, because they affect the open balance of the receivable amount of the credit memo. In all cases the intent is to close the credit memo, so both the original credit memo and the activity against it are displayed.

The report also reconciles manual journal entries created in the Receivables subledger.

If your business unit is implicitly mapped to the primary balancing segment value in the chart of accounts, you can run the report to reconcile by either business unit or ledger. If there is no implicit mapping, then you must reconcile by ledger.

Note: This mapping isn't defined anywhere in Receivables or General Ledger.