The AP Aging report and the AP balance sheet account (or the sum of the AP accounts if your company has more than one AP account) should always tie to each other. Unanet will not allow them to go out of balance unless the responsible personnel perform data entry activity outside of the normal prescribed procedures. Note possible causes and ... Turnover For example: an Accounts Payable Turnover ratio of 12.04 means that the average dollar volume of Accounts Payable are paid about twelve times during the year. Average 360 Converts the Accounts Payable Turnover ratio into the Payment Accounts Payable Turnover average number of days that a company takes to pay its Period Accounts Payable. Balance sheets are a way of showing an entities assets and liabilities. In this video we use the example of purchasing a home to show what a balance sheet might look like in that situation. Hi experts, I am requesting your help to find out why our customer receivables/vendor payables aging reports total does not match our balance sheet accounts receivable/ accounts payable account for the same period. My Aged Payables total does not match the Accounts Payable figure on my balance sheet. The are off by $809.38, I've run a data verfication, but didn't find any problems there. Offsetting financial assets and financial liabilities in the balance sheet — elective versus mandatory nature: Entities are not required to offset financial assets and financial liabilities in the balance sheet when the criteria for setoff are met; offsetting is elective.