Vendor Account Reconciliation

What is Vendor Account Reconciliation?

Questions by nuruddins

Showing Answers 1 - 13 of 13 Answers


  • Mar 3rd, 2010

Also known as Supplier or Creditor Reconciliation - balancing a suppliers/vendors statement against your cash book/GL for all payment/invoices paid. Difference of which will result in either unpaid invoices, due credit notes, overpayment, interest charged on unpaid a/c's etc.


  • Mar 6th, 2012

Vendor reconciliation means statement showing difference of Company payable to vendor account balance & vendor outstanding balance.Vendor reconciliation refers to finding out the reason of difference (open items) and resolution of the same.

  Was this answer useful?  Yes


  • Dec 5th, 2012

Vendor reconciliation is A statement received from vendor which contains details of invoices of that vendor for a perticular period, vendor wants to confirm that these invoices has been paid or not, the balance vendor has open for this invoices shoudl match the payment made to that vendor.

  Was this answer useful?  Yes

Ashok kumar

  • Jan 3rd, 2013

Vendor reconciliation statement means a valid balancing to vendor invoice statement to company General Ledger statement for a particular period. If any difference occurs it means that should be unpaid invoice payment or over payment or interest on late payment etc.

  Was this answer useful?  Yes

sher singh

  • Jun 30th, 2015

Vendor account reconciliation is out standing of suppliers or sundry creditors.

  Was this answer useful?  Yes


  • Aug 4th, 2015

Vendor account reconciliation what is the amount of vendor in our books. vendor account and our account much be tally that like this payment, invoice, debit note , credit not , closing or opening balance.

  Was this answer useful?  Yes

Ajay Sachdev

  • Jun 2nd, 2016

I need vendor reconciliation format in excel

  Was this answer useful?  Yes

Navdeep Rana

  • Jul 12th, 2016

Vendor reconciliation is a statement where we find out difference between vendor account and our account

  Was this answer useful?  Yes


  • Sep 16th, 2016

To understand the creditors aaccounts as well as in debtors account

  Was this answer useful?  Yes


  • Sep 23rd, 2016

Vendor a/c reconciliation is done to our creditor, it can be monthly, quarterly, half or yearly or SOS . This is done to determine how amt is payable to creditor (current liability)

  Was this answer useful?  Yes

Sagar Nayak

  • Nov 1st, 2016

Vendor Account Reconciliation means to identify the difference between our books of accounts against Vendor and Vendor. Some times there are mismatch between vendor books with our books which happened because suppose a transportation charge cdebited to our account by vendor but we dont post to our books of accounts.Example: -
Opening Balance Rs. 100000.00 Dr
17/01/2016 - Debtor Account Dr. Rs. 35000.00
Transportation Charges Rs. 1500.00 Dr
Closing Balance as on 31/01/2016 (Rs. 1,36,500.00 Dr)
So the vendor gives the account statement showing that the outstanding as on 31/01/2016 is Rs. 1,36,500,00
But in our books of accounts it showing like this :
Opening Balance Rs. 100000.00 Cr
17/1/2016 Vendor a/c Rs. 35000.00 Cr
Closing Balance as on 31/01/2016 (Rs. 1,35,0000 Cr)
So here the difference between two account statement is = 136500-135000= 1500.00 (Transportation Charges)
So like this there are certain mistakes which gives us the mismatch between these two accounts, So through vendor reconciliation we find out out the difference make necessaries entries.

  Was this answer useful?  Yes

Seraj Ali

  • Nov 28th, 2016

Matching of our companys cash book to the vendor statement. And adjustment balancing amount.

  Was this answer useful?  Yes


  • Aug 28th, 2017

The VAR is a report to know the fund details which has been given to the vendor from company.
Usually the Reconciliation involved minimum two accounts. Ex, Company account and Vendor account.
Note: The Reconciliation account should ends with "0"

  Was this answer useful?  Yes

Give your answer:

If you think the above answer is not correct, Please select a reason and add your answer below.


Related Answered Questions


Related Open Questions