account payabls reconciliation

[Yap KF]

Can someone teach me how to reconcile account payables?

 

[kirby]

Add up the amount of all the invoices that have 1) been input to the accounts payable system to be paid AND 2) have not yet been paid and that amount should agree to the general ledger amount for accounts payable. Best to do so at the end of a month to get a good cut off point.

 

[Wildcat11]

Not sure what system you're using...but from an audit standpoint, they usually want to see a detail aging report that matches what you have recorded in the A/P account as of a certain date.