Reconciliation of debtors and creditors
This query is : Open
Bipin pandey
(Querist)
04 September 2011
please tell me the simple technique of reconciling debtors and creditors. this is my email address : bipinpandey1979@yahoo.com
if you give me some example along with attach files, it will be very useful for me.
if you give me some example along with attach files, it will be very useful for me.
04 September 2011
For reconsile the amount of Sundry Debtors and Trade Creditors, you should satisfy that opening Balance which you make carry forward is correct or not. To incorporate all transactions including discount and rebate given or receive.Most thing to call the confirmation from the debtors and creditors.Periodically to verify the facts is important.
This problem mostly face in single entry system.To overcome this problems taking Print of Trial Balance, Receipt & Payment is needed
This problem mostly face in single entry system.To overcome this problems taking Print of Trial Balance, Receipt & Payment is needed
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