1. From the Accounts Payable File menu, select Company Settings, AP Settings.
2. Note the Year Ending Date shown in the upper left corner of the AP Settings window.

Notes:

• Do not change this date manually in AP settings. Use Close Year from the Accounts Payable Tasks menu to close the AP Year
• Running Close Year in Accounts Payable does not close the 1099 year

When you use the Close Year task, Accounts Payable automatically:

• Moves the amounts in This year to Last year for each vendor
• Moves the amounts in Next Year to This year for each vendor
• These moves affect the fields Amount purchased, Discounts offered, Discounts taken, Discounts lost, Miscellaneous deduction paid and Amount paid
• Updates the Year ending date in the AP Settings with the new year ending date