Top Reasons Your AR Aging Report Does Not Match Your Balance Sheet There are several reasons the AR Aging report is not matching the Balance Sheet. Generally, it is a date timing issue. The Balance Sheet strictly looks at the transaction date while the AR Aging reports look at the transaction debit date, the transaction […]
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Introduction The Balance Sheet – Percent Comparison Report is a balance sheet which shows a comparison between two specified dates and reports the change as a percent. A “Year-Over-Year” balance sheet is common, whereby the same date from two consecutive years is compared — December 31st from one year to the next, for example. The
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Introduction The Balance Sheet – Dollar Comparison Report is a balance sheet which shows a comparison between two specified dates and reports the change in dollars. A “Year-Over-Year” balance sheet is common, whereby the same date from two consecutive years is compared — December 31st from one year to the next, for example. The Balance
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Introduction The Balance Sheet Report, also referred to as the Statement of Financial Position, is one of the main financial statements. It reports the assets, liabilities, and owner’s (stockholders’) equity at a specific point in time, such as December 31. The balance sheet is sometimes described as a “snapshot” of the company’s financial position at
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