Proving the Accounts Receivable
- To prove one processing: take the Aged Accounts Receivable from immediately after the prior processing, plus (or minus, if negative) the Process Report Of New Activity (PRONA) = new Aged Accounts Receivable.
-
To prove a month: take the
Aged Accounts Receivable from last month and
put that dollar amount on the "Monthly Process Summary Beginning A/R Amount"
line on the report specifications screen. This report, once run, will show you
the new
Aged Accounts Receivable.
Note: The Current Accounts Receivable report is not a balancing report. It includes activity that has not been reconciled or processed. It should never be given to the Finance department or used to reconcile anything.