Skilled Nursing Facilities

Reconciliation and Month End Overview

The month-end procedure for the GL/AP reconciliation involves reconciling the Accounts Receivable and Accounts Payables G/L accounts to the associated reports.

The Accounts Receivable (A/R) month end involves confirming that the Admin month is closed and then creating and posting the GL Batch for the Import From A/R. Next you validate that the Admin A/R Aging "New" report balances to the A/R Trade accounts on the G/L Trial Balance Report.

To reconcile the accounts payable (AP) transactions, ensure all AP and GL batches are posted for the month and review the A/P G/L Transactions Report to ensure all AP entries updated completely. Then you validate that the A/P Trial Balance - New total matches to the AP Trade account from the GL Trial Balance report.

It is important to close the close the AP and GL fiscal period on a monthly basis, so that entries are not accidentally posted to a fully reconciled fiscal period.

  • Before you reconcile GL/AP, the A/R month must be reconciled, closed, and advanced to the next month.

  • If you are reconciling your Go-Live month, ensure all historical transactions are imported and the A/R Chart of Accounts and consolidated accounts, if applicable, are reviewed.

  • Review the Home Page announcements to check if any changes affect your facility/building.

  • You must have security access to the GL/AP module as well as access to Admin functions & reports required for reconciliation.