Use the following checklist to perform period-end
processing activities.
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Back up the Accounts Receivable
files onto a monthly set of backup disks or tapes.
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Ensure that all invoices
and cash receipts are recorded for the current month.
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Perform Finance
Charge Calculation to apply finance charges to past due
customers. Use Finance Charge
Entry to make any manual adjustments, print the Finance
Charge Journal, and update.
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Print statements for the
appropriate customers.
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Print the Accounts
Receivable Sales Tax Report as of the appropriate date
(monthly, quarterly, etc.) as required by your taxing jurisdiction,
and purge from period end.
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Perform period-end or
year-end processing. For
more information, see Perform
Period-End or Year-Processing.
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Select the reports you
want to print for period end. It is recommended that you print
at least the Accounts
Receivable Aged Invoice Report.
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Complete period-end processing
after all the selected reports have been printed.
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Back up the Accounts Receivable
files using a separate set of disks or tapes from the set
used to back up the system in step 1.
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