General Ledger Year-end
true
true
Fiscal Year-End Close
2017-01-16T00:00:00
1
1
1
true
1. Complete Month-End Checklist
true
false
Review the journals and verify all the data for Cash Receipts, Payroll, Accounts Payable, Accounts Receivable, Utilitiy Billing, etc have been updated for the last month of fiscal year.
1
true
2. Create Allocations for Period 14/YY
true
false
for period 14/YY
2
true
3. Run Checkout for Period 14/YY
true
false
If errors print on Checkout report, fix errors, rerun Automatic Allocations and Checkout until no errors are found
3
true
4. Backup the General Ledger Database (Optional)
false
false
8
true
5. Close Year-End
true
false
9
true
6. Run Checkout for Period 0/YY of the New Year
true
false
(0/YY)
11
true
7. Change Current Period to New Year
true
false
Change current period to 1/YY
12
Post Audit
2017-01-16T00:00:00
4
true
1. Enter Audit Entries into Journal Amounts
true
false
enter the audit adjustments in the AUDIT journal, period 14/YY of the prior year in the journal entry.
1
false
2. Create Reversing Audit Entries
true
false
Enter any audit entries that need to be reversed using the RE journal code.
2
true
3. Run Create Allocations for Period 14/YY
true
false
for 14/YY of the prior year.
3
true
4. Run Checkout for Period 14/YY
true
false
If errors print on Checkout report, fix errors, rerun Step 14 and Step 15 until no errors are found.
4
true
5. Close Period 14/YY
true
false
5
Reports (Optional)
2017-01-16T00:00:00
5
true
1. Print final copy of Financial Statement
true
false
for period 14/YY of prior year. Consider saving the reports as a pdf instead of printing to paper for easier storage and search functions later.
1
true
2. Print a final Detail Ledger
true
false
for Period 14 of prior year. Consider saving the reports as a pdf instead of printing to paper for easier storage and search functions later.
2