A/P Month End Procedure

VENDOR'S STATEMENT:
When a vendor's statement is received in the mail, check it immediately against the vendor account using Vendor Account Inquiry.
Verify that each invoice on the statement is in the vendor's account as either paid or unpaid.
This eliminates problems with invoices which may not have been entered or have not yet been received.

PRINTING AGED A/P REPORTS:
At month end, print out the Aged A/P reports, and balance the reports to the A/P Account in the General Ledger. Print either:

BALANCE THE A/P SUB-LEDGER TO THE G/L:
Refer to Aged A/P Summary for information on the steps required.

DATE RANGE ROLL-OVER:
After all daily and month end maintenance is completed, change the date range allowed for Accounts Payable entry to the next month using Month End Date Range Roll-Over for the modules: