A/R Year End Procedure

Before closing your Fiscal Year, complete all Daily and Month End procedures first. Make sure any Bad Debts have been written off, using Bad Debts and posted using Post Bad Debts.

Also, print Aged A/R Summary and Aged A/R Detail at your Year End to provide complete records for your accountant.

There is no program or procedure to close Accounts Receivable for the Fiscal Year, as all records are stored automatically for the correct month and year.

It is not necessary to run Purge A/R History at this time.
It is perhaps better to run this option after your Accountant has completed your books, and all adjustments have been posted.