scorpio_scorpio
Active Member
We are facing a issue related to monthly closing. Every month it's delayed due to.
1) The collectors continue to bring receipts after the cutoff date with previous month check date.
Since the collections are huge in size and there are lot of customers it is so far difficult to zero this aspect.
Let's say we have 4 days gap between AR closing and releasing financial statements?
How to handle this through accounting and what will be the impact on AR aging?
I hope I am clear, early reply will be appreciated.
1) The collectors continue to bring receipts after the cutoff date with previous month check date.
Since the collections are huge in size and there are lot of customers it is so far difficult to zero this aspect.
Let's say we have 4 days gap between AR closing and releasing financial statements?
How to handle this through accounting and what will be the impact on AR aging?
I hope I am clear, early reply will be appreciated.
