Refer to the following information to complete closing procedures at the end of a period. You are not required to complete all of the following steps. The modules that your company uses and options that are selected in the Configuration form and the User group permissions form might prevent you from completing specific steps.

1. Post all open journal vouchers for the month in all relevant modules.

2. Complete any batch posting routines in Accounts receivableand Accounts payable.

3. Complete the following processes.

   1. Calculate interest. See Interest calculation (class form).

   2. Create collection letters. See Creation of collection letter (class form).

   3. Process exchange adjustments in the Exchange adjustmentform. See Perform a ledger exchange adjustment.

   4. Process payment jobs in Accounts receivableand Accounts payable. See Customer paymentsand Vendor payments.

4. Complete closing and adjustment processes in Inventory management. See Closing and adjustment (form).

5. Post and adjust Projecttransactions. See Adjust transactions.

6. Complete monthly General ledgerprocedures. See Monthly closing in ledger.

You also can print reports, such as account statements and aging reports.