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Accounts Receivable represents the amount of money owed to a Company by its debtors.  This amount is recorded as an asset on the Company's balance sheet and should be reconciled periodically to account for items recorded through Financial Documents other than Customer Invoice and Customer Payment document types. 

  1. Run the Accounts Receivable Aging Report for the Fiscal Period.  Arrange the report by Account/Customer (Reports > Financial > Accounts Receivable).

  2. Compare the Total Receivable to the Accounts Receivable balances on the Balance Sheet by running the General Ledger Summary Report for these accounts.

  3. Investigate/correct any variances.  Enter a General Ledger Journal Entry to record any variance amount.

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