AR End Of Period

Navigator > Tasks > Accounts Receivable > End Of Period

You can move the Current Period for Accounts Receivable, Invoicing System and Order Entry processing and reporting forward one period.

Normally this is done each month at the end of the accounting period after:

• All Invoices and Credits have been posted.
• All Receipt transactions for the period have been entered and all allocations completed.
• End of period report lists have been run.
• Customer statements have been emailed or printed.

AR End of Period Update

Take a monthly backup as well as the daily backup before you perform an End Of Period.

End of period is not reversible, it should usually be done after all processing for the period is completed, though transactions may still be posted subject to available periods and other constraints, and reports are available as at any period.

If Allow Foreign Sales is selected and you have foreign currency Customer Groups you will be prompted to Revalue Foreign Balances.

Before the update form is displayed, a number of checks occur and warnings will appear if there are unposted invoices, or if no transactions have been posted for the period.

• View the Current Period to ensure you are in the correct period.
• Usually you would print statements prior to the End Of Period.

Click Run to proceed with the End of Period which will:

• Advance the Current Period and available period range, setting status for the period to Open if required.
• Add balance records as required.