Option 4Close Month

During the Close Month procedure, all Commission Accounting files are prepared for the next accounting month. The system performs the following updates:

• If the Transfer at Close Month? option is chosen in the Parameters file, the Transfer Commissions function is run as part of Close Month processing
• Deletes all commission records fully transferred to Accounts Payable; plus those records which are “marked as paid,” or with a pay code of “ ” in the Unpaid Commissions file
• Updates the date fields in the Parameters file to reflect the new month
• Deletes obsolete history records

Select “Close Month” from the Monthly Processing menu to run this function. The entry screen shown below appears.

Close Month Specifications screen

Data items for the preceding screen are described below.

Transfer to Accounts Payable?

Enter ‘Y’ or ‘N’ to indicate whether or not you want to transfer detail information to the Accounts Payable application.

The entered data is validated. Press RETURN to save the information on this screen and continue the Close Month function.

APPX Software, Inc.

Commission Accounting User Manual

Published 5/95