Performing Period-End Procedures

Before you close a period in the subledger, you should make sure that there are no unreleased documents that are to be posted to this period. To close periods, you use the Close Financial Periods (AR509000) form. When you close a given financial period in the AR subledger, all preceding open periods will be closed in the subledger as well.

In this chapter, you will find general information on how to perform period-end procedures in accounts receivable and an activity that describes how to how to close a financial period.