Gratuity Fund Discrepancy: Why Does SAP Show a Different Balance Than LIC?

We have a gratuity fund account with LIC of India. My question is, our SAP is showing a different balance, whereas the fund balance is different in LIC of India. As per our system, the fund balance is 58,410,309, whereas in LIC of India, the fund balance is 43,783,530. Is this correct, or do we need to make necessary entries for employees who have claimed, i.e., left employees' amounts? Please give me suggestions.

Dear Pradeep,

I don't feel that anyone other than your SAP administrator and LIC fund management will have the answer to your question. You have to talk to your SAP administrator and ask him to communicate with LIC fund management to find out where the deviation is occurring.