1. DealerVu Training It’s All About Balancing

2. The Concept of Balancing The General Ledger control account total MUST EQUAL The Subledger total –As at the same cut-off (End) date

3. What Should Be Checked? Unit Inventory Accounts Receivable Accounts Payable Floor Plan Payable

4. Unit Inventory Compare: GL Trial Balance values at end of month –TO Accounting Reports: Unit Inventory Transactions Report totals per GL account

7. Accounts Receivable Compare: GL Trial Balance values at end of month –TO Accounting Reports: Accounts Receivable Aging Report totals per GL account

10. Accounts Payable Compare: GL Trial Balance values at end of month –TO Accounting Reports: Accounts Payable Aging Report totals per GL account

12. Accounts Payable Aging Summary

13. It doesn’t balance! 20000 - A/P - Trade at 11/30/2006 Balance per GL (2,878.71) Balance per AP Aging (Subledger) (3,600.57) Difference 721.86

14. If it does not balance Call DealerVu Support for assistance

15. Floor Plan Payables Compare: GL Trial Balance values at end of month TO Accounting Reports: Accounts Payable Aging Report totals per GL account AND the Accounting Reports: GL Accounts Payable Subledger Audit Report total per GL account

17. Floor Plan Payables

18. GL AP Subledger Audit Report

19. When to Balance Every Month End Why –Year End balancing is only last month –Errors detected early –Less investigation required –Easier to find difference