Accounts Receivable Year Close

Menu Path: Accounts Receivable Posting and Period Controls Accounts Receivable Year Close

Purpose

• Close an accounts receivable accounting year.

• Validate that all periods for a year are closed.

Overview

Use Accounts Receivable Year Close to manually close a year.

To close an accounts receivable accounting year, select the year to close and click the OK button in the ribbon. The software validates that all accounts receivable accounting periods for the year have been closed.

Note You must use Accounts Receivable Year Create to open a new accounts receivable year.

Note With proper security authorization, you can continue to post transactions against the year by selecting the year as the accounting year for your transaction. This applies to all areas of the system including accounts payable, accounts receivable, and the general ledger. The authorization for posting to prior years is defined in User Profile Maintenance.

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