What does Reconciling the Sales ledger mean, and how do we do this?

Question

Thanks for your Answers

Answer 1

Reconciliation is the process of checking that ledger entries correspond to other accounts. In the simple case, if you were running a cash based retail system, it would mean that the total goods in your sales ledger corresponded to your inventory change and the total sales corresponded to the cash received. You need to adjust this depending on your business but the basic principle is making sure that the totals of the different records match.

Answer 2

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