Accounts receivable represents money that is owed to your business for goods or services delivered. Any differences between accounts receivable and your general ledger must be reconciled. This process typically takes place at the end of each month and entails matching the detailed amounts of unpaid bills or invoices to the accounts receivable total in the general ledger.  Make sure all transactions are recorded for the period, and that all sub-ledger balances have been posted to the general ledger. Some common reasons for discrepancies included voided or deleted transactions, journal entries made to the general ledger that were not reflected in the corresponding sub-ledger, or an entry posted to the wrong account. Once you’ve identified the errors, adjust entries as needed to reconcile the correct balances.