1.1 Use the Aging Report as of the last date of the prior month to get the outstanding opening balance.
1.2 Generate the Aging Report as of the last day of the month to get the month-end balance.

2.1 Use the Transaction Detail Report to identify invoices, debit memos, credit memos, deposits, guarantees, and chargebacks that increase the outstanding opening balance.
2.2 Use the Adjustment Register to identify any adjustments that affect the transactions for the month.
2.3 Use the Invoice Exception Report to reduce the outstanding amount where transactions do not update customers accounts.
– These transactions appear in the Transaction Register, but not on the Aging reports.

3.1 Use the Unapplied Receipt and Applied Receipt registers to identify the payments received from customers.
– These reduce the outstanding customer balances.

4. Use the AR Reconciliation Report to help you reconcile your accounts receivable activities.
– This report summarizes all customer, receipt, transaction, and account balances for the period you specify to simplify the internal reconciliation process.