5.9. Balancing A/R (EOM)

1.   From the Software menu, select Accounts Receivable | Reports | Balancing A/R.

2.   Under the Balancing heading, click on the Search icon adjacent to the A/R Account field, and select the G/L Account specific to your location.

3.   The Balancing Date option should be checked by default, and the date of the last day of the previous month should appear in the adjacent field. Click on the New Balancing button, and the date will be updated to the last day of the month you are currently balancing.

4.   Under the Sales Ledger heading, ensure that the Identification and Format fields display the entry “SALES”. Otherwise, click on the adjacent Search icons and make these selections.

5.   Under the Subtotal Options heading, select the By Transaction Code option.

6.   Under the Cash Receipts heading, ensure that the Identification and Format fields display the entry “CASH”. Otherwise, click on the adjacent Search icons and make these selections.

7.   Under the Subtotal Options heading, select the By Transaction Code option.

8.   Under the Aging Format heading, select the Summary option.

9.   Under the Miscellaneous heading, ensure that the Close Balancing, Print Selection Criteria, and Preview options are checked.

10.   Click on the Start Process icon, or strike the <Alt + F2> keys.

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