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YEAR END PREPARATION
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The ultimate preparation checklist to Year End
Enter all transactions related to the year being closed.
Update waiting posting and pending transactions in all ledgers.
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Post all standing orders and direct debits.
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Post all outstanding invoices on sales and purchase orders up to the year end date.
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Produce and print management reports.
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Ensure that the number and dates of all periods are correctly specified on the Future Financial Year tab.
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Remove any disconnected logins.9
Balance ledgers.10
Take a backup of the data.11
Process Year End.
www.pinnacle-online.com 0843 453 0103 [email protected]
“It’s always important to back up your data in case of a computer malfunction when running your year end. By doing a backup before you run your year end, you reduce the chance of any important data being lost.”
- Ian Hill, Pinnacle Sage Support Consultant
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Ensure that your aged debtors and creditors reports reconcile up to the end of the financial year for sales and purchase ledgers.
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Close all accounting periods for the year in Accounting System Manager.
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