33 Overview to End of Day Processing

This chapter contains these topics:

33.1 Objectives

  • To understand how the system updates inventory and general ledger information, such as cost of goods sold and revenue, on a daily basis

  • To understand how the system transfers information for closed sales orders into the sales order history tables

  • To review and correct any errors that result from running the Update Customer Sales program

  • To print the sales journals

33.2 Overview

End of day processing is the last step in sales order processing and consists of updating, verifying, and posting daily sales information. This is perhaps the most important step in the sales order processing cycle because the system updates the records in the Sales Order Management system and the records in the other systems with which it interfaces, such as the Accounts Receivable and Inventory Management systems.

You perform end of day processing each day to maintain the most accurate sales information. After you run the program, you can review and post sales information, and print reports.

End of day processing includes the following tasks:

  • Updating sales information

  • Working with sales update information

When you perform end of day processing, the system provides the following information:

  • Accounts receivable transactions

  • General ledger account balances for inventory, cost of goods sold, revenue, and accounts receivable

  • Inventory balances for on-hand quantities

  • Daily activity reports

  • Interim sales reports

  • Commission reports

If you do not update your sales records on a daily basis, the following information might be inaccurate:

  • Inventory balances for on-hand quantities

  • Amounts posted to the sales, inventory, cost of goods sold, tax, and freight accounts

  • Amounts posted to the accounts receivable ledger

  • Reports for interim sales

  • Reports for commissions