SIVARAM

• Mar 28th, 2007

 

 HI,

AFTER RAISE TRANSACTION AND RECEIVE THE RECEIPT AMOUNT, TRANSFER THE ALL TRANSATIONS AND RECEIPTS TO THE GENERAL LEDGER ONLY CLOSE THE PERIOD IN ACCOUNTS RECEIVABLES.

esayyed

 Profile Answers by esayyed 

• Jun 23rd, 2010

 

Process to close the Period in AR.
1) Complete the transactions
2) Apply receipts against the transactions
3) Run the Create Accounting program to transfer the subledger data to XLA and to GL
4) Run the Unposted Items report and rectify the problems if any with the unposted trxns in AR
5) Run Subledger Period Close Exception report
6) Close the AR Period by navigating to Control -> Accounting -> Open/Close Periods

Ameen

• Aug 22nd, 2011

 

1.first check the Transactions for the period being closed.
2.Reconcile transaction activity for the period.
3.Reconcile customer outstanding balances
4.Review unapplied receipts register
5.Run Receipt Register
6.Confirm the auto lockbox
7.Transactions Transfer to GL
8.Reconcile GL transaction Process
9.Reconcile General ledger transfer process
10.Post Journals