UK AR reconciliation

[blacklab]

Hi - im trying to reconcile my cash receipts per the bank, looking at income booked in the month per the PL adding VAT, movement in AR, movement in deferred income - im getting a difference - all my pl invoices have gone through AR, and deferred journals all to tie into the PL, VAT is all correct...so im. not sure what Im missing - any thoughts? thank you!

 

[kirby]

Instead of reconciling a whole month at a time, do a day by day recon. Hopefully the difference will be easier to find with a smaller amount of data.

 

[mustafijurmba]

Hi - im trying to reconcile my cash receipts per the bank, looking at income booked in the month per the PL adding VAT, movement in AR, movement in deferred income - im getting a difference - all my pl invoices have gone through AR, and deferred journals all to tie into the PL, VAT is all correct...so im. not sure what Im missing - any thoughts? thank you!

You could recorded any income as expense or expense as income. I mean do you have any person/company that is both your customer and supplier? kindly checked again. If you need help to solve this problem , i can help you. thanks