Accounts Receivable Monthly Close
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.
Related Articles
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, ...Bank Monthly Close
Actions Before Closing the Banking Module Perform the following actions prior to closing the Banking module: Check that there are no transactions pending entry for the period to be closed (deposits, checks, bank commissions, etc.), since, if the ...Update Physical Inventory and/or Close of Month
Actions Prior to Closing of the Inventory Management Module Before closing the Inventory Management module, it is suggested: Check that there are no pending transactions to be entered for the period to be closed (incoming, outgoing, requisitions, ...Close and Open Accounting Months
In order to safeguard the integrity of the information of the operations performed in the Novohit modules, the accounting module is the only one that can close and open the information of the periods. This application allows the opening or closing of ...Accounts Receivable
These are those rights acquired by the company either for the provision of a service, sale of products, leasing of real estate, etc. or for the granting of a loan to employees or people outside the company. This module manages the folios generated ...