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September 15, 2022
Question

Why my AR aging report is not matching with balancesheet amount. how can I fix it.

  • September 15, 2022
  • 1 reply
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AR aging report amount is not matching with balancesheet amount.

1 reply

September 15, 2022

Hi there m26mamta-yahoo-c,

 

It's vital that all your transactions be entered correctly so that your books can be well balanced. QuickBooks Online is a great tool able to help you keep track of the transactions you make so that you can see the financials of your business. I can provide some information about those reports.

 

As the AR aging reports encompass all transactions up to a certain date, one common cause for a difference would be the reporting period of the reports not matching up. In order to make sure the reports match up properly, set up the period in the balance sheet to have an end date identical to the As of date in the AR aging report, then put the start date of the Balance sheet as way earlier than the first transaction in your QuickBooks. With these settings, the report dates should match up, and the total amount of all Accounts receivable accounts added up should match up with the AR aging reports.

 

If you have any other questions, feel free to reach out here.