Balancing the Check Register

This topic provides instructions on balancing your Payables check register with your bank statement. Using check registers can save you time and prevent the duplication of effort required to manually balance your company's bank account(s); however, the use of the check register feature is optional, not required.

Open Payables vs. the Accounts Payable Ledger Balance

This topic provides a procedure for comparing your open payables to the balance of the Accounts Payable account in General Ledger. The Accounts Payable liability account is intended for maintaining the balance of all billed (invoiced) payables that have not yet been paid.

Unbilled Receipts vs. Accrual Balance in the Ledger

This procedure explains how to reconcile (compare) the balance of unbilled receipts to the accrual balance in your General Ledger. The accrual account balance in the ledger should represent the dollar value of inventory purchases that has not been billed by a vendor.