Accounts Receivable : Year-end Closing Procedures


Old Fiscal Year – OldYear (Example – 2010)

New Fiscal Year – NewYear (Example – 2011)

The following procedure assumes a fiscal year-end of December 31. To begin a fiscal year-end close, change the system date to December 31, OldYear. To perform a close in CertiflexDimension 10.0 from the System Manager, click File, and select Start New Period Files.

Accounts Receivable files must be started for a new fiscal year before Customer invoices or payments can be processed in NewYear. The Historical Aged Accounts Receivable Reports for January through November of the OldYear will be deleted. Therefore, it is recommended that you have a printed copy of these reports prior to starting new year files. Accounts Receivable does not allow processing of prior year data, so make sure you have finished all customers transaction processing for OldYear before starting new year files.

How-To Demonstration: Watch Video