|
Yes,
it is suggested that you reconcile WET. It will be a
simple process if the WET register is properly managed.
Print
the WET Register at the same time you roll your Debtor
month on the last day of the BAS period. Do not enter
a "From Date", but enter the "To Date" as the last day
of your Financial Year. This will ensure that you include
all transactions that were updated. Archive the WET
Register by entering the last day of the Financial Year
and the BAS Month as the "BAS Document Id. ". This will
ensure that all printed transactions are archived. If
you need to print a listing with the exact transactions
your listing had, just use the WET REGISTER HISTORY
LISTING and enter the BAS Month you have used with the
archive.
Now
run the GENERAL LEDGER REPORTS, GL LEDGER for the relevant
months that fall in the BAS period to obtain the General
Ledger amounts for the WET Clearing and WET State Rebate
Clearing account. These totals should reconcile with
the Total WET and State Rebate amounts on the WET Register
Listing. If not, check the following:
- Check
that the correct Selection Criteria was selected
when running the reports.
- Check
for invalid transactions in the General Ledger e.g.
Journal entries. Your WET General Ledger accounts
should only contain entries originating from the
Sales Area (Source = SALINV, SALCNT, SALCDS, SALMAI)
- Check
for transactions belonging to a previous or future
BAS period that were updated in the current GL Months
specified when the GL Ledger was run. The use of
the System Parameter 'General: ACCT Validate Trans.
Month' will prevent this from occurring.
You
can run all the reports by transaction SOURCE to simplify
the search process. Use the "Batch Ref." on the WET
Register Listing and the GL Ledger when trying to search
for the problem. When the problem is identified, you
should write up a reconciliation report that clearly
identifies the problem. Attach all printed reports to
this reconciliation report and file as you will need
it for future reference. It is only necessary to process
corrective Journals with end of financial year, unless
internal practice requires otherwise.
|
