Reconcile AP Clearing Account

Thank you so much for your response.

--- In vantage@yahoogroups.com, Christy Morris <cmorris@...> wrote:
>
> Balancing AP Clearing GL with report
> You will need the following reports:
> General ledger detail, inventory/wip reconciliation, past and current month's received but not invoiced (the gl and wip can be exported to excel).
>
> 1. Determine if one or both accounts are out of balance.
> 2. Verify that all AP batches are posted.
> 3. Compare prior month's rec'd not inv'd report with current month.
> * Highlight dropped items on old report. Delete from gl detail.
> * Cross out old items still on new report - as there will be no transactions for them in the gl or wip.
> 4. New items on current report should be deleted from wip detail.
> 5. Compare what is left in the gl to the wip detail.
>
>
> Christy J Morris
> Controller
> Cold Jet, LLC
> 455 Wards Corner Road
> Loveland, Ohio 45140
> USA
> +1 513-716-6370 (office)
> +1 513-576-8986 (fax)
> www.coldjet.com<http://www.coldjet.com>
> [cid:image001.jpg@...]
> Setting industry standards in dry ice technology and solutions for over 25 years.
>
> From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf Of Millicent Massey
> Sent: Thursday, September 13, 2012 11:19 AM
> To: vantage@yahoogroups.com
> Subject: [Vantage] Reconcile AP Clearing Account
>
>
>
> Can anyone help with the steps to reconcile the AP clearing account?
>
> [Non-text portions of this message have been removed]
>
>
>
> [Non-text portions of this message have been removed]
>
Can anyone help with the steps to reconcile the AP clearing account?


[Non-text portions of this message have been removed]
Balancing AP Clearing GL with report
You will need the following reports:
General ledger detail, inventory/wip reconciliation, past and current month's received but not invoiced (the gl and wip can be exported to excel).

1. Determine if one or both accounts are out of balance.
2. Verify that all AP batches are posted.
3. Compare prior month's rec'd not inv'd report with current month.
* Highlight dropped items on old report. Delete from gl detail.
* Cross out old items still on new report - as there will be no transactions for them in the gl or wip.
4. New items on current report should be deleted from wip detail.
5. Compare what is left in the gl to the wip detail.


Christy J Morris
Controller
Cold Jet, LLC
455 Wards Corner Road
Loveland, Ohio 45140
USA
+1 513-716-6370 (office)
+1 513-576-8986 (fax)
www.coldjet.com<http://www.coldjet.com>
[cid:image001.jpg@01CD9257.379E6570]
Setting industry standards in dry ice technology and solutions for over 25 years.

From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf Of Millicent Massey
Sent: Thursday, September 13, 2012 11:19 AM
To: vantage@yahoogroups.com
Subject: [Vantage] Reconcile AP Clearing Account



Can anyone help with the steps to reconcile the AP clearing account?

[Non-text portions of this message have been removed]



[Non-text portions of this message have been removed]
Sorry - step one is for us because we have to AP clearing accounts. Obviously most companies can skip that step.

Christy J Morris
Controller
Cold Jet, LLC
455 Wards Corner Road
Loveland, Ohio 45140
USA
+1 513-716-6370 (office)
+1 513-576-8986 (fax)
www.coldjet.com<http://www.coldjet.com>
[cid:image001.jpg@01CD9258.34A4DF10]
Setting industry standards in dry ice technology and solutions for over 25 years.

From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf Of Christy Morris
Sent: Friday, September 14, 2012 9:00 AM
To: vantage@yahoogroups.com
Subject: [Vantage] RE: Reconcile AP Clearing Account



Balancing AP Clearing GL with report
You will need the following reports:
General ledger detail, inventory/wip reconciliation, past and current month's received but not invoiced (the gl and wip can be exported to excel).

1. Determine if one or both accounts are out of balance.
2. Verify that all AP batches are posted.
3. Compare prior month's rec'd not inv'd report with current month.
* Highlight dropped items on old report. Delete from gl detail.
* Cross out old items still on new report - as there will be no transactions for them in the gl or wip.
4. New items on current report should be deleted from wip detail.
5. Compare what is left in the gl to the wip detail.

Christy J Morris
Controller
Cold Jet, LLC
455 Wards Corner Road
Loveland, Ohio 45140
USA
+1 513-716-6370 (office)
+1 513-576-8986 (fax)
www.coldjet.com<http://www.coldjet.com>
[cid:image001.jpg@01CD9257.379E6570<mailto:image001.jpg%4001CD9257.379E6570>]
Setting industry standards in dry ice technology and solutions for over 25 years.

From: vantage@yahoogroups.com<mailto:vantage%40yahoogroups.com> [mailto:vantage@yahoogroups.com<mailto:vantage%40yahoogroups.com>] On Behalf Of Millicent Massey
Sent: Thursday, September 13, 2012 11:19 AM
To: vantage@yahoogroups.com<mailto:vantage%40yahoogroups.com>
Subject: [Vantage] Reconcile AP Clearing Account

Can anyone help with the steps to reconcile the AP clearing account?

[Non-text portions of this message have been removed]

[Non-text portions of this message have been removed]



[Non-text portions of this message have been removed]