Preparing for Period End

AccountsReceivableGuide > Accounts Receivable > Completing Period End Tasks in Accounts Receivable > Accounts Receivable Period End > Preparing for Period End

In business operations, duties for different fiscal periods usually overlap a day or two. Denali has a built-in feature to deal with the time lag between the actual end of a period and the moment you enter final transactions, print reports and statements, and complete your period-end processing.

Period end in Accounts Receivable primarily serves three functions:

• For open item type AR Codes, it purges all open items with a zero amount remaining from the open item file. For balance forward type AR Codes, it compacts the statement detail into a single balance forward line item.

• It resets to zero accumulators that store year-to-date figures for customer accounts.

• It purges customer transaction history up through a date you specify.

Although you can continue operations at the end of a period while you perform your period-end tasks, it is important that you print time-sensitive reports, such as the Aged Analysis Report, before you post in a new period.

Caution: Always back up your data files before you run period-end processes. Without a backup, you might need to retrieve transaction detail that is not recoverable.