Accounts Payable Monthly Close
Actions Prior to the Closing of Accounts Payable Module
Before the closing of the Accounts Payable module, the following actions must be taken. Check that there are no pending transactions to be entered for the period to be closed (invoices, transactions on invoices, etc.), since the module is closed, no transactions with the date of the closed period can be made (the accounting entry of the day on which the transactions are made should not be issued).
Generate the accounting entries of the period to close in Administration (Back Office) → General Accounting → Generate Accounting Entry of Direct A/P Transactions
Issue a Balance of Accounts Payable in Administration (Back Office) → Accounts Payable → Reports → General Balance of Accounts Payable and compare with auxiliary accounts of the Trial Balance and balances, Ideally the balances should match or reconcile them.
The system allows to print and register operations of the month after the open month.
Close Period
To close the Accounts Payable module, follow the steps below:
Go to Administration (Back Office) → Accounts Payable → Accounts Payable Monthly Close
Press the Close Current Month MM-YYYYYY button which displays the open month in the system.