Accounts Receivable Monthly Close
Actions Prior to Closing
Actions prior to closing the Accounts Receivable module are suggested:
Check that there are no pending transactions of the period to be closed (transactions on folios, invoices, etc.); because when the module is closed it will not be possible to make any transactions with dates of the closed period (the accounting entries of the day in which the transactions are made must not be issued).
Perform a search with the Register status.
Generate the accounting entries of the period to close in: Administration (Back Office) → General Accounting → Generate Accounting Entry of Accounts Receivable Transactions.
Get the Accounts Receivable Balance in: Administration (Back Office) → Accounts Receivable → Reports → General Balance of Accounts Receivable and compare with auxiliary accounts of the Trial Balance; ideally the balances should match or reconcile them.
The system allows invoicing up to 2 months after the open month.
Close of Period
To close the Accounts Receivable module, go to: Administration (Back Office) → Accounts Receivable → Accounts Receivable Monthly Close
In the Updates of A/R section, click on the Monthly Closing of A/R check box.
Click on the Update button.