Viewing A/R ledger summary

Use the A/R Ledger page to view the summary of the ledger balance for a day. By default, the A/R ledger summary for the current date is displayed. You can select a record pertaining to a different date to view the closing balance for that date. This page also displays the details of the activities that impacted the ledger balance for that day. Any time a transaction is posted to an A/R account that impacts the account balance, the A/R Ledger is updated accordingly by the system.

To view the A/R ledger summary:

  1. Select Accounts Receivable > A/R Ledger.
  2. Click Close Accounting Date to close the A/R account for that date. After the A/R account is closed all new transactions are posted in the new date for a given A/R account. If the ARCAGING parameter check box is selected, the system closes the current accounting date and opens the new date by creating a new A/R ledger record where the Opening Balance for the new date is equal to the Closing Balance of the closed date. Thereafter, the system recalculates aging for all accounts. If the ARCAGING parameter check box is clear, the system closes the current accounting date and opens the new date but does not recalculate aging.