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Aging totals must match the balance sheet

Every aging report total should equal its line on the balance sheet for the same date:

  • Family aging total = Accounts Receivable – Families
  • CCS aging total = Accounts Receivable – CCS
  • AP aging total = Accounts Payable

When they do not match, something has been recorded outside the normal process. Ask your bookkeeper to explain the difference. Lesson 9 returns to this.