When to close invoice distributions

You must process invoice distribution closing at least once in an accounting period. As an option, you can close invoice distributions more frequently, such as after each pay cycle you complete.

A key consideration in deciding how frequently you want to close distributions is the number or distributions you want in the general ledger. The closing program summarizes distributions with the same posting date, accounting unit, account number, subaccount number, activity, and transaction analysis fields. To summarize all distributions for an accounting period, run this program only once at the end of each general ledger accounting period.

Details on selecting summary posting options for general ledger accounts, accounts payable companies, and vendor classes are found elsewhere in this user guide. Posting in summary versus posting in detail