What happens if I posted AP Invoices for November but have not closed October?
AP happens to be a module where if you separate out your invoices by date, you can keep two months open at a time. In fact, we recommend this method, primarily because we are very aware that you will be getting both last month’s and this month’s invoices for the first couple of weeks of the new month. So it is good to just pick a day of the month (say the 15th or the 20th) when you will consistently close AP and PO. The system is smart enough to look at the date in the AP Parameters and determine if the invoices belong in “Current Month” or “Next Month”. In order to make this work, however, you must separate out the invoices into batches by date — November invoices together and December invoices together, for example — and run the Invoice Register and Update in between the batches, making sure that the Posting Date matches the contents of the batch — ie 11/30/06 and 12/18/06. And, of course, you must remember to consistently run Period End Processing mid-month.
