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Gratuity fund balance reconciliation

This query is : Resolved 
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(Querist)
17 June 2018 Dear Sir,

We are having gratuity fund account with LIC of india.
My question is our SAP is showing different balance whereas fund balance is different in LIC of india

As per our system fund balacne is 58410309
whereas as LIC of india fund balance is 43783530

Is it correct or we need to pass necessary entries for who are claimed that means left employees amount

Please give me suggestion

Thanks

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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
17 June 2018 Yes pass entries for left employees amount.
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
19 June 2018 Why there is difference? Did you pass entry for Gratuity settled employees in your system? Get statement from LIC and reconcile pass necessary entry.
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