Reconcile Accounts Payable

Overview: Accounts Payable in the two systems must be reconciled on a regular basis.

Frequency:  At a minimum, this reconciliation should occur monthly at the end of each month, although it may be performed more frequently if preferred.

Reports: 

• Run the Accounts Payable Aging Summary report from Bill.com as of a certain date. 
• Run the  AP Aging with Credits report from BQE Core as of the same date.

Reconcile:  Compare the two reports and investigate any discrepancies. Consider sync filters;  if you are only syncing Approved bills from Bill.com to BQE Core, the AP balance in Bill.com will be higher than BQE Core if you have unapproved bills.