Comparing the main book with the ancillary books is another way that we are going to check. The main register (or simply „main book“ or „account in kind“) is a collection of all balance sheet and profit and balance sheets. The main book also contains all the journal entries that have been reserved on accounts. In today`s computerized world, the main book is kept in electronic form. After comparing the factual and secondary book and finding differences, you should study the reasons. The difference can be explained by the following: a secondary book is the sub-quantity of the main book in accounting. It is not possible to record all transactions in the main ledger; Therefore, transactions in the Sun Ledger are recorded on another account and their total is reflected in the main book. Ledger helps to understand the finances of the company and helps to analyze transactions. In accounting software, an appendix book is a database and not a manually managed book. Collect and communicate information about all daily transactions booked in the main ledger for a selected period and account area. Some of these elements require adjustments to the account in kind, while others require adaptations to the booklet.
Figure 2 shows where adaptation is needed based on the reasons for a difference. Step 1: Compare the balance sheet stock with the secondary book balance Flexible sorting options that will help you with the comparison. Report data is sorted by name and document sequence number at the end of the fiscal year, billing order, billing date, and journal name. Third-party journal and report: Print all newspapers that have been reserved in the main book for a billing period. It provides detailed booking positions for secondary accounting, regardless of the summary of the main logs. Description of the transaction line, name and number of the third party, as well as the transaction amounts in entered currencies and ledger. The report uses legal sequencing rules, both for accounting reservations and for supporting documents, to verify that all logs are recorded in flawless chronological order. The report allows you to create different viewpoints of reported information based on seven flexible sorting rules that help with coordination and monitoring. A credit in the suppliers` book was deducted from a customer`s accounting balance In another article on wire transfers (see „Comparing bank accounts“), we checked in detail the objectives of the accounting voting statements, identified two main types of votes (bank voting and book-to-book cross-checking) and gave step-by-step instructions for the bank voting process. and showed a true example of bank voting. In this article, we continue to explain the voting process and move on to cross-referencing the main book.
Some factors can create differences between sub-books and main balances: the main ledger is a set of master accounts in which there is a set of transaction data. This is the main set of accounts and records all financial transactions….