5 AR Policies to Prevent Month-End General Ledger Closing Problems

February 21, 2020


Consistently instituting the following five best practice policies will minimize the obstacles to a smooth and accurate AR month-end closing: Cash application. Look for an invoice number or PO number that matches the one on the customer’s check stub or backup. If the customer does not reference an invoice number or PO number, matching the cash with the invoice gets more difficult. In that case, check the information on the check stub to see if it matches an open item on the account. If an…

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