Late Charge batch generate question

If a late Charge Batch in Draft mode is not modified and needs to be final, I am assuming that we still need to generate the final late charge batch  so that the the batch status changes to Transferred

    1 a. Change the Mode to Final and Status to Ready.

1. b. Choose the Generate button.

Upon successful charge creation, the batch status should change to Transferred, so we may proceed to Run the Late Charges report for a final late charge batch

Is that correct ? Please advise.