Debtors Reconciliation

What is meant by Debtors Reconciliation. Explain in detail about it

Questions by vishakanu

Showing Answers 1 - 15 of 15 Answers

c7831887

  • Nov 22nd, 2009
 

We can reconcile this with our ledger and debtor's ledger which we received from them.  We can find out the differences like:

first, we have to check the opening balances of them and us, then
1.  We would have accounted some of our sale ivoices but they were not (probably in monthend & yearend),
2.  they would have raised debit note, but we were not raised credit note,
3.  they would have effected payment for some particular invoice, but we would have accounted for some other.

these are all the examples only.

First we have to reconcile with the debtors, i.e payment made by them. then we have check out the both opening balances of all the debtor (Customers), & Check out the receipt vouchers (cash receipt or cheque receipt). BRS Also helpful to debtor reconcilation

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JANINE BARR

  • Oct 31st, 2011
 

To ensure that the debtors account balances with payments and debits

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JANINE BARR

  • Oct 31st, 2011
 

A debtors reconciliation is to ensure that the balance brought forward and the closing balance tally. Reconcili payment and invoices

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Subhajit Dutta

  • Sep 5th, 2015
 

Please help to get Debtor Ledger reconciliation details with a example (ledger copies)

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