p Record and post all entries for the fiscal year. Review and correct rejected entries.
p Reconcile Accounts Payable to itself. How?
p Reconcile Accounts Payable to General Ledger. How?
p Print management reports.
p Make a backup of your entire database if you haven't already done so. How?
p Verify the 1099 year-ending date in AP settings. How?
p Verify the fiscal year-ending date in AP settings. How?
p Verify the vendor information for 1099 recipients. How?
p Verify the 1099 amount paid for 1099 recipients.
p Install the year-end software update before generating 1099s and other government forms and
p Generate 1099 forms (before or after closing the 1099 year in Accounts Payable)
p Close the 1099 year in Accounts Payable. How?
p If applicable, close the year in Accounts Payable. How?
p Archive Accounts Payable data (optional). How?