Period Closing Report (AR199)
Run Period Closing Report (AR199) to close the current period and year for the Lawson Accounts Receivable system, update record status, and update customer period statistics. AR199 creates a report indicating the period closed and, if requested, customers that have a credit balance.
Processing Effect
Generally, applications remain unposted if the payment is unreleased, an adjustment requires review in Adjustments Exceeded Review (AR36.1), or all applications require review in Application Audit (AR132). Upon closing, AR199 updates system control, allowing the general ledger period closing program to be run.
AR199 updates customer statistics differently for period end and year end closing. A period end closing rolls the high balance, return to maker payments (RTMs), paid prompts, and invoices paid from the current period to the previous period; rolls each past period into the preceding period; and deletes the oldest period. A year end closing rolls each period in the current year's period billed, chargebacks, credits, write-offs, and paid to last year; moves any value for the next year to the first period; and moves the year-to-date Invoice Payment Average (IPA) and Days Beyond Terms (DBT) totals to last year.