Skip to main content

Payables

There are two year end close processes in Payables;

Calendar

  • Transfers 1099 (a US Tax) from this year to last year

Fiscal

  • Adds last year amounts to life to date

  • Transfers year to date amounts to last year columns in the amounts since last close views

The vendor summary report will be updated

Continue to Fixed Assets

Back to Procedures

Mailing List

Share This Post