GP #LifeHacks 121: Keep your AP & AR in balance with your General Ledger

I know your team works hard… day in and day out… and at month end, you reconcile your Accounts Payable or Accounts Receivable sub ledger to your GL Trial Balance with an optimistic approach that never seems to really pay off.  No matter how hard you try, there is always a reconciling adjustment needed in order to balance…  UGH!  Whether it’s a penny, 1,000.00 or 61,312.76… it’s downright frustrating.

What is causing this variance?  Usually it is a journal entry.  We all love them, but let’s be honest… not everyone makes journal entries with the same level of confidence as you do.  Let’s get this game of ‘tug of war’ fixed once and for all!

GP Life Hack #121

Here’s a little GP Life Hack that could save you hours and hours of research.  By using a setting on your Dynamics GP account maintenance window, you can restrict non system entries to certain accounts, specifically your AP or AR accounts.  After all, in order to balance the sub ledger to the general ledger, there should be strict continuity…. Right?  RIGHT!  So let’s get things in balance and keep them there once and for all.

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