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!