Page 19 - UNANET GOVCON: CLOSING A FISCAL PERIOD

Activity 2.3 Verify, Run, Compare, and Close AR
Login as Glenda Manager (GL Manager) – glmanager

Activity Steps:
1. Navigate to Reports > Dashboard > Financials > Accounts Receivable >
Accounts Receivable Aging

2. Run the AR Aging Report for the Closing Fiscal Period by selecting the
appropriate FISCAL PERIOD and select to show Customer Balances Only

3. Compare the Total to the GL Summary (Trial Balance) Ending Balance of
account 10.02.01 Accounts Receivable

4. View and Compare the report totals to answer the following questions:

Questions Answers
What is the Total of the AR Aging Report?

What is the Ending Balance on the GL Summary (Trial Balance)
report for account 10.02.01 Accounts Receivable?

Compare the Totals above. Are they equal? YES or NO

5. If the totals match, Close Accounts Receivable (Customer Payment and Deposit)
a. Navigate: Financials > General Ledger > Fiscal Period Close
b. Select Accounts Receivable
c. Select Close Period (verify Fiscal Period has changed to the next period)

LESSON 2: SUBLEDGERS Page 19
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