Accounting and Finance

Fiscal Periods Perform year-end closing Year-end closing finalizes a fiscal year. It transfers the year's net income into Retained Earnings so you can start the next year… Fiscal Periods Lock a period Locking a period makes it permanent. Locked periods cannot be reopened, which protects finalized records from any further changes. Steps From the… Fiscal Periods Close or reopen a period Closing a period prevents further posting into it once you've finished your books for that period. If you need to make a… Fiscal Periods Generate fiscal periods for a year Before you can close or report on periods for a year, you need to generate that year's fiscal periods. This creates the… Fiscal Periods Fiscal Periods overview Fiscal Periods are the accounting periods — months, quarters, and years — that organize your financial activity. Closing and locking periods helps… Accounts Receivable Generate a customer statement A customer statement summarizes a customer's invoices and payments over a date range. You can view it on screen or download it… Accounts Receivable AR aging report The AR Aging report shows how much customers owe you, grouped by how overdue each amount is. It's useful for prioritizing collections.… Accounts Receivable View the AR summary The AR summary gives you a quick picture of what customers owe and which invoices need attention. Steps From the Accounting module,… Accounts Receivable Accounts Receivable overview Accounts Receivable (AR) tracks the money your customers owe you on invoices. It gives you a summary of what's outstanding, an aging… Approvals Reject a request Reject a request when it should not proceed. A reason is required so there's a clear record of why it was turned…