Tuesday, February 14, 2012

The 7 Most Common PCLaw Errors – Partial Posting Errors

 

A partial posting error occurs when an entry is posted to one sub-ledger but does not appear in the linked sub-ledger.

Some examples:

- A cheque issued from the general bank does not reduce your accounts payable balance or appear in the payments listing

- A cheque issued from the general bank does indeed reduce your accounts payable balance but this time it does not appear in the general bank journal or the bank reconciliation

- Accounts receivable receipt reduces the receivable, but does not appear in the bank journal or reconciliation

Fairly easy to correct. Simply remove the offending entry and redo it – just confirm that it now appears in both journals before moving on.

As always, I invite your comments and suggestions for future post topics. Next week – Read/Write Errors.

Clyde