What is a sales ledger reconciliation?

geek84

Hi Folks

I have a job interview tomorrow and I seem to fit all their criteria except for their requirement of the candidate being able to do a sales ledger reconciliation.

Can someone be kind enough to explain how this is performed or where I could get further info on this?

Thanks in advance.

Yazi

Find your b/f opening debtors figure (that is credit sales balance for the previous period)

Add to this figure all credit sales for the period (don't include cash sales)

Less amounts received from credit customers.

Leaving you a closing balance.

The closing balance should agree with all sales invoices outstanding/not received at the period end.

Hopefully this makes sense...

geek84

Thanks very much Yazi