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
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