Month-end procedures for Open Item customers in Receivables Management and in Project Accounting Content provided by Microsoft TechKnowledge Content Month-end procedures for Open Item customers in Receivables Management and in Project Accounting 1. Post all transactions for the month.2. Make a backup.3. Print the Unapplied Documents report (Reports - Sales - Analysis - Unapplied Documents). Review the report, and determine if any documents need to be applied.4. Run an aging under Routines - Sales - Aging.5. Run an Aging WIP report for Project (Routines - Project - Aging WIP). This report will show items that need to be billed out.6. Assess Finance Charges under Routines - Sales - Finance Charge.7. Post the Finance Charge batches under Transactions - Sales - Series Post.8. Print Statements under Routines - Sales - Statements.9. Transfer Commissions under Routines - Sales - Transfer Commissions.10. Write off any outstanding credit or debit amount balances by using the Write Off Documents window under Routines - Sales - Write Off Documents.11. Remove fully paid transactions under Routines - Sales - Paid Transaction Removal.12. Run Paid Transaction Removal for Project. Routines – Project – Paid Trx. Removal.13. Reconcile the General Ledger Accounts to the Receivables module using the Historical Aged Trial Balance report (Reports - Sales - Trial Balance - Historical Aged Trial Balance).14. (Optional). Print month end reports such as the Receivables Transactions report (Reports - Sales - Analysis - Receivables Transactions), the Period Sales Analysis report (Reports - Sales - Analysis - Period Sales Analysis), and the Tax Period Report (Reports - Company - Taxes - Tax Period Reports).15. (Optional). Close the fiscal periods for the Sales Series by using the Fiscal Period Setup window (Setup - Company - Fiscal Periods).Additional Resources:Knowledge Base Article 857019 - Month End Procedures for Balance Forward Customers This article was TechKnowledge Document ID: 26133 Last Updated: 8 Nov 2017 Was this information helpful? Yes No Tell us what we can do to improve the article Submit Thanks! Your feedback will help us improve the support experience.