what is the best way to clear out an intercompany receivables account that has a negative balance of $94K
k
Karina
06/30/2019, 6:29 PM
you need to reconcile it. There is no other way to “clear” it. this balance did not come from the moon, so it needs to be traced back to the error’s origins. yes, tedious.
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Ogabeg
07/01/2019, 4:13 PM
so like find the transactions and do a journal entry to balance it out?