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Accounts Receivable Year-End Procedures

Entering AR Invoices at Year-End

Entering and posting invoices is the first step of month-end procedures for Accounts Receivable.

If you bill your customers on a monthly basis for tuition and fees, such as lab fees, library fees, or lunch, enter and post those invoices for the last month of the accounting year before you close the month, regardless if you are operating in a cash environment or an accrual environment. When adding the invoices, make sure the posting period is correct.
  1. Under Manage Records, click the Transactions tab.
  2. Select Accounts Receivable Invoices from the drop-down list, then click Go .
  3. Click Add/Edit Invoices, then Add.
  4. Make the necessary changes to the invoice.
  5. Click Ok and confirm.
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Last updated: July 11, 2023