Month-End
Use the Month-End submodule in the Finance & Administration module to complete required month-end processes, such as bank and Inter-Company reconciliations, to close your books. Month-End provides Bank Reconciliation, Accounting Periods, Inter-Company Reconciliation, Monthly Checklist, Month/Year Closure, and Monthly WIP Adjustments Follow-Up.
- Related Topics:
- Bank Reconciliation
Use Bank Reconciliation in the Month-End submodule in the Finance & Administration module to view bank statement transactions and finance account postings. Bank Reconciliation enables you to compare transactions with your bank statement. - Accounting Periods
Use Accounting Periods in the Month-End submodule in the Finance & Administration module to view accounting years and each year's corresponding periods. This 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 in the Month-End submodule in the Finance & Administration module if you have more than one Company in your WorkBook system. Inter-Company Reconciliation displays unreconciled Inter-Company transactions and enables you to calculate and create Inter-Company vouchers that appear in your journals. - Monthly Checklist
Use Monthly Checklist in the Month-End submodule in the Finance & Administration module to view checklists and their supporting documents. Monthly Checklist enables you to load the default checklist for selected accounting periods and upload, edit, and delete related documents. You can use Monthly Checklist to ensure that the processes and activities that are needed for month-end are completed. - Month / Year Closure
Use Month / Year Closure in the Month-End submodule in the Finance & Administration module to view the accounting periods that must be closed for each financial year. Month / Year Closure enables you to close, reverse closures of accounting periods, and cancel financial year closures that have not been posted. This is typically used 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 in the Month-End submodule in the Finance & Administration module to view all open jobs that have expenses that have not been adjusted. Monthly WIP Adjustments Follow-Up enables you to recognize revenue at the frequency determined by your agency.
Parent Topic: Finance & Administration