Reporting closing periods

Use this procedure to close the current period and year for Receivables, update record status, and update customer period statistics.
  1. Select Period Close Report.
  2. Select Company or Company Group, but not both.
  3. Specify this information:
    Print Credit Balances
    Select whether to list customers that have a credit balance including a credit balance total for the company. The total is used as a liability amounts for year-end financial reporting.
    Year End
    Select whether to process the report for year end.
    Update
    Select whether to update the current period after closing.
  4. In the Report Distribution section, select distribution lists and export types for these reports:
    • Period Close Report
    • Skipped Company Report
  5. Click Submit.