A/P Year End Procedure

Use this utility to close a year.

When you process the selected vendor numbers, the system updates the Vendors form records to reflect the change of year, and then sets these values:

Purchases Last Year to Purchases YTD
Purchases YTD to zero
Discounts Last Year to Discounts YTD
Discounts YTD to zero
Payments Last Calendar Year to Payments Calendar YTD
Payments Calendar YTD to zero
Payments Last Fiscal Year to Payments Fiscal YTD
Payments Fiscal YTD to zero