Re: [SL] AR balance sheet vs trial balance vs outstanding

[Arthur D. <ar...@av...>]

Where are these number coming from in AR?  AR and AP aren't used on a
cash basis.  I don't know a lot about SL but just from an accounting
standpoint, that's weird.

Arthur

On Fri, 2007-04-06 at 16:36 -0300, Chris Johnson wrote:
> Hi all,
>  
>  I am working on closing out 2005 (still!). After a long time looking at the books and reports, talking with the accountant etc, I am suspecting the Accounts Receivable as having to do with my problem, so I wanted to see if anyone could shed some light on this issue. 
>  
>  My accounting is on a cash basis, and I am generating the balance sheet [1] and seeing a line for AR in assets. When I generate the trial balance, I see an amount for AR that is different (larger) than what showed on the balance sheet. I also tried to compare this to what I get if I do a report on open AR transactions - and I get yet another number for outstanding AR! Any idea why these would be different? 
>  
>  The other thing I am suspecting has to do with the current earnings vs net income. I performed a "year end" process at 12-31-2005. However, my current earnings (Balance Sheet) and net income (Income Statement) still do not match. I thought this process was supposed to bring these two into line. Any suggestions on bringing them into balance? 
>  
>  Thanks in advance for your help in setting this issue. 
>  
>  Regards,
>  Chris
>  
>  [1] Why is AR shown on the balance sheet for cash accounting? 
> 
>  		
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