By running off an Accounts Payable summary trial balance you will be able to check the total of monies outstanding to the Trade Creditors control account in the general ledger. The control account is defined in the Accounts Payable maintenance menu against the data element called Account Groups.
Each supplier in the Accounts Payable module is linked to a single Account Group and thence a General Ledger Control account.
1. Enter all of your month’s transactions into the Accounts Payable Module and cash book as needed
2. Do a General Ledger Post Journals to update trial balance
3. Print an Accounts Payable trial balance (summary or detailed)
4. Print a General Ledger system trial balance
5. Compare the value at the bottom of the Accounts Payable Trial balance with the closing balance in the Trade Creditors (this may be called Accounts Payable) General Ledger account