Month-End
Use the Month-End module to complete required month-end processes, like bank and inter-company reconciliations, to close your books. It contains the Bank Reconciliation, Accounting Periods, Inter-company Reconciliation, Monthly Checklist, Month/Year Closure, and Monthly WIP Adjustments Follow-up submodules.
- Related Topics:
- Bank Reconciliation
Use Bank Reconciliation under Finance & Administration to view bank statement transactions and finance account postings. It enables you to compare transactions with your bank statement. - Accounting Periods
Use Accounting Periods under Finance & Administration to view accounting years and each year's corresponding periods. It enables you to create, delete, and manage accounting years. You can also open or close periods for all or specific actions within an accounting year. - Inter-company Reconciliation
Use Inter-company Reconciliation under Finance & Administration if you have more than one company in your system. It displays unreconciled inter-company transactions and enables you to calculate and create inter-company vouchers that will show up in your Journals. - Monthly Checklist
Use Monthly Checklist under Finance & Administration to view checklists and their supporting documents. It enables you to load the default checklist for selected accounting periods and upload, edit, and delete related documents. You can use the checklist to ensure that the different processes and activities needed for month-end have been completed. - Month / Year Closure
Use Month / Year Closure under Finance & Administration to view the accounting periods for each financial year that need to be closed. It enables you to close, reverse closures of accounting periods, and cancel financial year closures that are yet to be posted. This is used mostly at year-end to close and post the accounting year and automatically create a journal entry. - Monthly WIP Adjustments Follow-up
Use Monthly WIP Adjustments Follow-up under Finance & Administration to view all open jobs with expenses that have not been adjusted. It enables you to recognize revenue at the frequency determined by your agency.
Parent Topic: Finance & Administration