Ledger Control Summary


Datafile Software

Ledger Control Summary

This is the main control report for the ledger. It shows the opening period balance of the ledger, summarises the transactions posted during the current period by type, and gives the closing balance. The report is the key to the ledger audit trail, and you should print it as part of your end-of-period procedures, and file for reference.

Notes

You should check the opening balance on the ledger control agrees with the closing balance of the previous periods report.

You should also check the closing balance of this periods report matches both the total of the aged analysis report, and the debtor/creditor control account balance in the Nominal Ledger.


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Article ID: 1299
Created On: Mon, Jul 2, 2012 at 10:59 AM
Last Updated On: Mon, Jun 19, 2023 at 3:58 PM

Online URL: https://kb.datafile.co.uk/article/ledger-control-summary-1299.html