Processing period end

Use this procedure to post auto-reversing entries to Global Ledger for the open estimates and call-in accruals for the cycle date.

You must run Franchise Period Close before you can post global ledger entries for invoices, prepayments and accruals for the next period.

  1. Select Create Franchise Billing Processes > Accrual Close.
  2. Specify this information:
    Company
    Select a company number.
    Post Through Date
    Select the applicable cycle date.
  3. In the Report Distribution section, select a distribution group and export type for Accrual Close Report.
  4. Click Submit.
  5. Run Franchise Period Close to update Global Ledger files for period updating.