We have O/E, I/C and A/R (that might be affected by my question). Each month at the calendar month end, my boss has not finished billing for all the work done during the month and wants me to keep the books open so these bills will be in the right month. My problem is that customers still come in and purchase items the first week until he gets all the billing done. It is usually about the 8th day into the next month before he gives me the go ahead to close off the month. Can I continue entering invoices with the proper date while waiting for him to enter the work orders using the last day of the month and then do a day end changing the "process all documents on or before _____" to the last day of the month. Then do all my month end procedures up to the A/R statements, and then do my first "day end" for the new current month?

Diane

Basically, the answer to your question is yes.

However, you will not be able to get a clean Item Valuation report as of monthend (which is used to tie to the GL Inventory balance) unless you print it at the exact moment that you have finished that month's billing (and receiving) but haven't started the next month's billing (and receiving).

Also, if you use the Order Entry tax reports, you will want to print those out at the same exact moment as above.

As for AR, your ideas are all correct. There is no reason to stop billing at month-end just because AR period end processing is not done, and you can back date the period end date.

Steve Schwartz

Thanks Steve. I appreciate your help . We do run an item valuation report to match that figures are corresponding to the GL. However, I have only had to adjust it very few times and I think getting the dates for the invoicing/acc.rec. is of more importance.

Thanks again
Diane