Articles
Reset Accounting Period
Month End > Reset Accounting Period When you first choose this menu, you will be prompted if you wish to reset the period. The reset is usually done the first workday of the month (or whenever appropriate) so that the new month will be defa...
Update General Ledger
Path: Tools > Update General Ledger Menu option Update General Ledger does not need to be run routinely, but is a tool available to recalculate account balances if ever they are out of sync with the total actual transactions. This process...
Year-End Reset
Month End > Year End Reset This procedure resets the General Ledger and budget for the new fiscal year so that screens, such as Account Browse and Actuals/Budget Entry screens display properly for the new fiscal year. Before this option ...
Year End Procedures
Entries to the last month of the fiscal year should be done same as every other month. You may continue to do day-to-day entry into the new year (or the old year) whether you have run year-end reset or not, based on controls set in Setup > Opti...
Year End Closing Entries
The 14 th period holds the system-generated year-end closing entries for each account. YE closing entries are stored in a separate file then all other transactions for accounts. This allows for us to run a report for an ‘Annual’ figure and have th...