If Credit note CRN 14 is recorded on the creditors ledger of Bosworth Smith productions and not recorded on the Statement for debtor, do I include or record it in the new creditors reconciliation statement (remittance advice) dated 10 May?

Here's why:

1. Purpose of Reconciliation: The goal of a creditors reconciliation statement is to explain the differences between your company's (Bosworth Smith Productions') records of what you owe a supplier and the supplier's (Edge Studios') statement of what you owe them.
2. Reconciling Item: If Bosworth Smith Productions has recorded CRN14 (reducing the amount owed) but Edge Studios has not, this creates a discrepancy. CRN14 becomes a reconciling item.
3. Treatment on Statement: On the reconciliation statement, you would typically deduct the amount of CRN14 from the balance shown on Edge Studios' statement. This adjustment brings Edge Studios' balance closer to what Bosworth Smith Productions believes is owed, accounting for the credit note that Edge Studios has not yet processed or reflected.