About Year-End A/P Procedures

When you have posted and paid all invoices for the previous year, complete the following procedures:

1. Release all accounts payable batches from the past year. Do not release any batches that contain postings for the new year.

2. Print a complete Trial Balance Report. Print this report for all locations and business periods. Save the report as part of your audit trail.

3. Release the batches for the new year. Only perform this step after all year-end procedures for accounts payable are complete.