HST Reconciliation Report
Terry
via web
I switched over to Account Edge the end of December. I entered all the balances and they are correct. I did have some payables that I entered after all the balances were verified. I ran a Tax Information Reconciliation report and it is telling me I am out of balance. How do I find out what that out of balance consists of?
Support Staff 2 Posted by Jamie on 27 Jan, 2012 03:05 PM
If you go into reports > accounts and scroll down you will have a tax code reconciliation report under your exceptions category. You can run this report to see what the system thinks is causing the OOB. Ideally the postings to this account should be made from the sales/purchases. General Journal entries can cause this account to be OOB.
3 Posted by Dan R on 27 Jan, 2012 07:49 PM
Have you had any purchases where you had to manually adjust the tax a penny or 2 from what a vender has charged to what AE has computed? With the US version and Sales Tax I get a similar error in the company data auditor. If this is similar to you HST error the last column of that report should be showing you the variance. If I export to excel and sum the column of + or- a penny or 2 it ends up being only a few cents one way or the other for the whole year. Maybe it is just a rounding issue like this.
:-)
Dan
4 Posted by Terry on 27 Jan, 2012 08:02 PM
Thank you so much. That was just what I was looking for.