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Page 1: YEAR END PREPARATION - Pinnacle · YEAR END PREPARATION 1 The ultimate preparation checklist to Year End Enter all transactions related ...  …

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.

4

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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Contact Pinnacle Today

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