About Day End Processing of Purchase Orders Invoices

Day End Processing performs the following tasks when processing P/O invoices:

Note: If you cost inventory during posting instead of during Day End Processing, almost all Day End processing tasks take place when you post transactions.

• Creates and optionally posts a batch of invoices in Accounts Payable, with a batch type of Imported. Information for each invoice includes the remit-to location and 1099 code and amount, if any.
• Updates costs in Inventory Control for non-job-related invoices, if you use Inventory Control.
• Updates quantities and costs in Project and Job Costing for job-related invoices.
• If you keep history and statistics, updates history and statistics with invoice data.
• Creates the Invoice Posting Journal that lists details of the invoice transactions and the corresponding general ledger distributions.

Note: The general ledger transactions for invoices are created in Accounts Payable when the invoice batch is posted in Accounts Payable.

• If you posted invoices with new prorated additional costs, Day End Processing prorates the costs to the items on the receipt, updates costs in Inventory Control, and creates adjusting entries for your general ledger.

You must run Day End Processing to:

• Delete invoices from Purchase Orders if you do not keep transaction history.
• Activate future purchase orders.