Understanding the Statistics Annual Close

You run the Statistics Annual Close program when:

• The fiscal year that you define in the credit and collection date pattern is complete.

• You have converted invoice information from another system and you want to establish a value for the Invoiced - Prior Year field (SPYE).

When you run Statistics Annual Close program, the system:

• Recalculates the invoiced year-to-date amount and updates the Invoiced - Prior Year field (SPYE) with the amount.

  The system uses the value that you enter in the processing option for the fiscal year to determine the amount invoiced for the year.

• Clears the amount of the Invoiced This Year field (ASTY).

• Changes the designation of the current year in the Credit/Collection Date Pattern table.

  The fiscal date patterns that are designated for the current year are changed to a value of 2 for the prior year. The date patterns that are established for the next fiscal year are set to the current year value of 1.

You can review the Invoiced This Year and Invoiced - Prior Year fields on these forms:

• Account Statistical Summary form, which you access from the Account Statistic History program.

• Additional Customer Information form, which you access from the Customer Master Information program.