A/P Year End Procedure
Solution ID = KB-728
Goal : A/P Year End Procedure; Reset Vendors YTD Values
Version = All Version
Module : SLACCT
Fact : AP
Database : Progress, SQL
Cause
This utility will reset fields in the Vendor Master file. The fields which are reset to zero are Discount YTD, Purchase YTD and Payments YTD. In addition, the Purchases Last Year is set with the current value of the Purchases YTD, the Discounts Last Year is set to the current value of Discounts YTD and Payments Last Year is set to the current value of Payments YTD. The A/P Year End Procedure MUST be performed after the last Accounts Payable check run for the calendar year and BEFORE posting any Accounts Payable checks for the new year.
NOTE: Payment YTD Year End must be run at the end of the calendar year (not fiscal year). This field is used in generating 1099's which are printed on a calendar year basis.
NOTE: This utility should only be run once. If you run it more than once, it will result in zeros in Payments Last Year, Purchases Last Year and Discounts Last Year fields.
This utility can be found under:
Vendor - Payments
Utilities - Year End Procedure
