Reconciliation :

 Three(3) different Reconciliation required to be updated regularly for updated Reports 

 a) Payments  b). Orders c). Bank  

Payments :

Divided in to two Parts a) Receivable from Customers b) Payments to Suppliers

Customer Outstanding Bills and other documents such as Dr/Cr notes etc and Payment receipts should be Reconciled in regular intervention to get an updated Outstanding Report. 

Similarly when your Payment reconciliation is updated you will be in position to know how much you need to pay to your suppliers based on their bills and other documents

Orders:

Divided in to two Parts a) Orders received from Customers b) Orders issued to Suppliers 

Before processing Pending report you should reconcile your Purchase and Sale Orders with the supplies, Close the orders manually when you are sure that no further transaction will take place under those Order anymore.

Once your Order reconciliation is updated you will get a clear picture of Pending Orders with the available options and Filters.

Bank A/c Reconciliation :

A simple way to reconcile your Bank Deposits and Bank Payments.

One the reconciliation is done you will have an updated Fund Position with you.