Automatic Close

When Automatic close is selected, all transactions displayed in the window are closed according to the FIFO close method. In other words, debit and credit transactions sorted by due date close each other according to this order. In such cases, the transaction types become important for closing priorities in addition to the due date order. For instance, cash transactions and check/P. Note transactions close invoices.
When Automatic Close button is clicked, the status of any transactions previously closed by the user is not changed. The other transactions are closed with the FIFO close method.
If the transactions are not closed completely after Automatic Closing, the closed and outstanding parts are separated. Each part of the transaction separated after the closing operation is displayed as linked to the other parts. When the cursor is on closed transactions that have their Remaining field blank, the Counter Transaction field lists the Slip Number, Date, Type and Total Amount of the closed slip.
Counter Transaction button located on the debt-tracking window is used to display the invoice or transaction closed by each payment or collection transaction. The closing operation may be cancelled using Undo button.
The debt-tracking window can be used to access the number of transactions of the AR/AP, and the debit, credit and balance information, using Totals option located in the right mouse button menu. The Totals window displays the number of transactions performed up-to-date and the debit, credit and balance totals resulting from these transactions.