Closing year-end

After each fiscal year, you will need to process year-end closing to establish new vendor group period ending dates for each vendor group and to transfer current year vendor period balances to last year. Use this procedure to close your year-end.

Before running the period close program, complete the required preparation steps to ensure that your data is ready to be closed. Preparing for period or year-end closing If, after a conversion, vendor balances don't exist or are incorrect, you can rebuild them. Rebuilding vendor balances

Close year-end

  1. Run Vendor Balance Year End (AP199).
  2. Specify this information:
    New Fiscal Period Ending Dates

    You must specify period ending dates for the new fiscal period to run this program. Keep the same periods each year so that your historical queries are credible.

Related reports and inquiries

To Run
List all payments that make up a vendor's reportable income balance for a specified payment date range Reportable Income Report (AP245)
List manual and system-generated payments for a pay group Bank Account Payment History (AP255)
List invoice payments Cash Payment Register (AP265)
List vendor payment history for a company, pay group, or vendor group Vendor Payment History (AP270)
List historical invoice distributions processed by Invoice Distribution Closing (AP175) for a company Invoice Distribution History (AP275)