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Creditors control a/c does not match to creditors ledger
Posted: 01 May 2008, 18:23
by maltesedog
My creditors control a/c is not matching (with a small amount) to the creditors' ledger's total in Sage Line 50.
No warning is given, when i do verify data.
What can be done to resolve.
Posted: 01 May 2008, 22:31
by brucedenney
The most probably cause of this is a journal. Accountants frequently adjust control accounts as part of the year end and instruct clients to do the journal. They don't do the reversal and so things go wrong.
Have a look for a journal entry in there, use the day book report to find it rather than trawling through the huge number of transactions in the account.
The solution is to set up an "accountants control adjustment" account (next to the actual account) and move the transaction there.