I am comparing the Overdue Receivables report total with the balance in the Accounts Receivable account in the Ledger but they never match. Why is that?
A. The correct report to match to the control account is the Aged Trial Balance. You should select “Calculate as of” from the drop-down list and enter the date the last batch of Receivables transactions was retrieved into Ledger. The Overdue Receivables report lists only the unpaid (or partially paid) invoices that are beyond their due date. This is primarily a collection tool. For example, an invoice issued on June 10th with terms of net 30 days would not show up on this report until July 11th, but would be on the Aged Trial balance report as soon as the batch is posted.
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