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Accounting Inventory Transactions: Creditor unpaid bill balance does not match opening or ledger balance

Unpaid creditor bill balance not aligned with opening and ledger figures

Updated over 3 weeks ago

To identify and resolve the discrepancy in creditor balances, follow the steps below to verify and correct the opening figures and bill entries.

  1. Check opening balance.

  2. Check the maintain B/F Bills.

  3. Check the edit bill opening balance from the open item creditor bill and, payment ledger.

Note: Both the Maintain B/F Bills and Bill Opening Balances must match the Opening Balance from the previous year. You may clear any B/F or Bill Opening entries that were incorrectly calculated.

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