FlexDMS Help has moved here. This site will close on November 18th.

Accounts Receivable/Accounts Payable (AR/AP) Out of Balance (OoB)

Autosoft -

If your Accounts Receivable or Accounts Payable is out of balance, you can correct it with a few steps. 

Step 1. Depending on whether your AR or AP is out of balance, click either Trade Receivables or Trade Payables from the Dealership Accounting main menu.

Step 2. Click View Schedule on the Trade Customer Receivables or Trade Vendor Payables menu. 

Step 3. Click OK to send OOB to ~FB.

Step 4. The OoB will appear at the bottom of the schedule.

Step 5. Navigate to the Dealership Accounting main menu and click General Ledger

Step 6. Click Ledger Detail & Journal Sources.

Step 7. Click Print Detail for Account/Journal.

Step 8. Enter the AR or AP account number and 00 for Journal.

Step 9. Compare the AR or AP to the general ledger to discover what caused the OoB.

Step 10. From the Dealership Accounting main menu, click Journal Entries.

Step 11. Create a journal entry correcting the ~FB control by moving the money to the correct control(s). 

0 Comments

Please sign in to leave a comment.