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Former Member

Vendor Trail Balance

Does a vendor trail balance include the special Gl transcations as well like advances paid etc.

or should the vendor trail balance only include the normal vendor line items? what is correct? Thanks

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3 Answers

  • Posted on May 05, 2011 at 07:33 AM

    Dear:

    Vendor trial balance should ideally include advances and securities posted with special GL indicator. For that in ledger or trial balance you can add column for special GL indicator so that down payment documents can easily be seen in trial balance. Vendor closing balance will automatically be adjusted against down payments made as is evidenced by FBL1N.

    Regards

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    Former Member
    Posted on May 05, 2011 at 08:14 AM

    Hi,trail balance report should include special Gl transcations, only without down payment requests

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  • Posted on May 05, 2011 at 08:15 AM

    Special GL transactions should display in a Trail Balance.

    But these will appear in a different account not your vedor reconciliation account.

    e.g. Normal postings to vendor appear under Trade payables account

    But whenever you post special transactions, you select a special GL indicator, this will trigger another account Lets say Advances to Vendors account.

    In the trail balance these two separate accounts will appear, though you have done all your transactions to one vendor.

    Rgds

    Murali. N

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