Tasks - Zero Out AR Balances 2 Days

Prerequisite Steps before ZERO OUT

1. Setup system profile
Query for Profile AR: INVOICES WITH UNCONFIRMED RECEIPTS
profile option
Do not leave this profile null, instead set a value for it such as "None"
2. Define approval limit (Adjustment and Write off)
-99,999,999,999,999.00 to 99,999,999,999,999.00
3. Define Write-off limits system option miscellaneous tab (--
99,999,999,999,999.00 to 99,999,999,999,999.00)
4. Setup Write-off limits per receipt System Option
5. Define receivable activity (Adjustment and write off)
a. Adjustment - Zero Out Balances
b. Write Off Receipts - Zero Out Balances
6. Define adjustment reason
(SetupSystemQuickcodesReceivables)
a. Type:
Steps to Zero Out Open Invoices/On Account Receipts - Unapplied
Receipts
1. Run Unapplied and Unresolved Receipts Register
a. For On Account Receipts Revert to unapplied receipts by
updating the amount to ZERO line amount (few items only)
b. For Unapplied Receipts Write off
2. Run Unposted Items As of DD-MMM-YYYY
3. Perform Create Accounting for any unposted Items (Per Month)
4. Run Aging Report 4 Bucket, As Of DD-MMM-YYYY
5. Run Account Status Report, As of DD-MMM-YYYY
6. Create Receipt Write-Off, Date From/To
7. Create Mass Adjustment to close ALL open invoices.
8. Close Periods.
NOTE:
Document Sequencing for adjustment