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AR: Accounts Receivables Period End Process

 

S NO

AR Period End Process

1

Complete All Transactions for the Period Being Closed

2

Recognize Revenue

3

Reconcile Receipts to Bank Statement Activity for the Period

4

Create Accounting and Transfer to General Ledger

5

Pending Close the Current Receivables Period

6

Open the Next Receivables Period

7

Review Subledger Period Close Exception Report

8

Reconcile Receivables Balances to General Ledger

9

Review Receivables Aging By General Ledger Account Report

10

Close Receivables Period

11

Review General Ledger and Subledger Account Analysis Report

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