chinnaguntupalli

 Profile Answers by chinnaguntupalli 

• Nov 6th, 2009

 

Liability account total from General Ledger
Balance as per Trial balance.

Ideally these two should match, however in the below instances it will not get match.

Conversion rate not updated for foreign currency invoices (Any ERP)
Either Invoice posting/Payment posting might not posted in GL books (ERP's related to batch postings)
FX variance-this can be fixed by processing journal entry, for the above two need to investigate, reverse and repost the affected entries.