Closing the Day

Closing the day consists of closing the application, which transfers the journal entries to the general ledger, updating the static aging buckets, and report daily totals. In this procedure, you will learn how to close the day.

Depending on your processing needs, you will need to perform tasks before you can close the day. These tasks are detailed in the following table.

To	Use
Release all transactions and batches	AR20.1, AR21.1, AR21.1, AR21.3, AR24.1, AR30.1, AR42.1, AR42.2, AR43.1, or AR124. Entering cash Applying cash
Release adjustments exceeding review	Adjustment Exceeding Review (AR36.1). Applying cash
Review applications	Application Audit (AR132). Applying cash
Create chargeback notices	Chargeback Creation (AR191). Creating chargebacks and return to makers
Print payment request notices	Payment Request Notice (AR155). Creating chargebacks and return to makers Reviewing credit and aging reports