Accounts Payable GL

Accounts Payable General Ledger

Accounts Payable General Ledger

Is the Accounts Payable account in the general ledger supposed to match with the A/P Invoice Aging Report? If so, why?

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Dec 06, 2017
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by: Stephanie

Hello and thank you for your question.

The answer is YES. Often, if the general ledger or balance sheet does not match with the accounts payable invoice aging report, a payment was not correctly applied to a vendor invoice.

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