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rbg246
on Nov 23, 2017
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Stop Using Excel, Finance Chiefs Tell Staffs
How do you know the account balance total they you are validating your line items against is correct? Is that coming from another accounting system?
allenz
on Nov 23, 2017
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I validate account totals against the balance reported by the bank.
rbg246
on Nov 23, 2017
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Oh I see so you are only reporting on cash receipts, so presumably there is an accounts receivable ledger to track the invoices raised with your cash received etc. Thanks for the reply
allenz
on Nov 23, 2017
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Yup, I use cash accounting because our medical AR numbers are mostly made-up. They're tracked and analyzed through a medical billing program.
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