Use these fields for the End-of-Period Update.
1. Closeout period? Verify that you want to close the current Accounts Receivable period by selecting this field.
2. Have the above End-of-Period programs been run? This field is a last check to verify that ran all the necessary reports before closing this period. Check Yes. This field defaults to N and the program terminates if you click OK.
If you closed the last AR period less than 20 days before the system date, the program displays a message indicating the number of days since the last close and the next field appears.
3. Are you sure you want to close out this period? Check the box to re-verify that you are ready to close this period. If you do not wish to close the period, simply click Cancel in the lower right corner of the screen.
If the last AR period was closed more than 20 days before the system date, this field does not appear.
Processing Note
When you access the End of Period Update, the system displays a message indicating the document types that must be posted through the end of the period or programs that must be run, before you can run the End of Period Update program.
Run the program indicated or complete the posting indicate in the message and then re-access the End of Period Update to close the current period.
When you run the End of Period Update, the program displays a message indicating the current AR period to be closed, that period payment history figures will be rolled to the prior period and any reports that need to be run after processing the update.
Click OK to run the End of Period Update program. The system displays a message asking if you are sure you want to close the period (there is no undo).
Click Yes-Close to run the close the current period.
See also
Running the End-of-Period update