Understanding the AP and AR Information Required for CNAO Audit Files

You must report the details of your accounts payable (AP) and accounts receivable (AR) information according to the requirements for CNAO version 2. According to the CNAO standard, you need to export all related financial information such as fiscal period end, year-end reports, journals and details of fixed assets, and payroll transactions into XML files for sending to CNAO for audit review. To address the new requirement, you need to generate the Generate AP & AR XML - China - 75C report (R75C010).

The Generate AP & AR XML - China - 75C report generates the XML output for the required AP & AR data elements in the format required by the Chinese government.

The mandatory reporting requirements for AR and AP module include these areas:

• Document type.

  You report the document type once.

• Transaction type.

  You report the transaction type once.

• Receivable Balance Details in the Current Period.

  You report the receivable balance details in the current period on a monthly basis.

• Payable Balance Details in the Current Period.

  You report the payable balance details in the current period on a monthly basis.