How Do You Reconcile Accounts receivable

To reconcile accounts receivable, compare the balances recorded in the accounts receivable ledger with the amounts shown on customer statements and the general ledger. Identify and resolve discrepancies by investigating missing payments, errors, or adjustments. This process ensures accurate financial records and helps maintain a clear understanding of outstanding receivables.

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Emagia is a leading provider of AI-powered Order-to-Cash (O2C) automation platform that modernizes finance operations for midsize to large global businesses. Many global businesses and shared service centers use Emagia’s Enterprise Receivables Management System to transform to digital world-class operations in credit, invoicing and payments, receivables, collections, deductions, cash application and cash forecasting. Emagia solutions improve their customers DSO, cash flow, credit risk, operational cost, compliance and profitability.

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