See the document titled: “AR Clear Customer Fields at Year End” for complete step-by-step instructions
**Balance the End of the Month and run the End of the Month reports as always.
**If you want a year-end customer sales analysis report showing each month's sales (current only or current & prior year) that should also be run BEFORE performing this year end clearing. See accounts receivable "Sales analysis" reports task for a selection of individual reports.
Accounts Receivable (Module 2)
System Management Functions (Task 32)
- Fiscal Year End Customer Processing (Sub-task 2)
- System Management Functions (Task 32)
This process goes into the Customer Master File records and moves the Current Year Sales to the Prior Year Sales. The process should be done before ANY SALES FOR THE NEW FISCAL YEAR HAVE BEEN POSTED INTO A/R! If you have already posted sales from the new year then refer to AR Late Fiscal Year End Closing and follow the steps there INSTEAD of the single step noted here.