Welcome to our Pacific partners Accounts End of Year 2015.
-
Upload
ferdinand-beasley -
Category
Documents
-
view
220 -
download
1
Transcript of Welcome to our Pacific partners Accounts End of Year 2015.
Welcome to our Pacific partners
Housekeeping
Roll overFinal
TransactionsClean up
your dataRead all
notes
Accounts End of Year 2015
File | Setup and Delete Companies
Choose the company and select Block User Access , then F4 notes
Block access to Attaché
Copy of your Accounts Data
1. Using Archive and Restore
2. Using Copy data files
ONLY process EOY in the data that you will be entering transactions for 2016
EOY Processing
Customers and Suppliers
EOY Processing
• Invoices, credit notes, payments and receipts
• Allocate unallocated transactions
• Write off bad debts
• Delete Customer orders and backorders that never will be filled
• Complete outstanding purchase orders and goods received notes
Finalise transactions
• Print reports as required
• Post transactions to the General Ledger
Pre-End of Year tasks
Period End | Customers/Suppliers | End of Period | Customers/Suppliers
• Select ‘Yes’ for End of Period AND End of Year
• If run separately, ageing will be duplicated
Process End of Year
All PTD and YTD sales and cost figures clear
The amount for each period moves to the next ageing category
Opening balance for each customer/supplier changes to equal their current balance
Customers & Suppliers EOY Summary
Products
EOY Processing
1. Create work data2. Print worksheets and count stock3. Enter physical quantities4. Confirm variances5. Update stock levels6. Post to General Ledger
Product Stocktake
Period End | Products | End of Period | Products
Select ‘Yes’ for End of Period AND End of Year
Process End of Year
All PTD and YTD quantity, sales and cost figures clear.
Opening Stock for each product changes to equal quantity in stock
Products EOY Summary
General Ledger
EOY Processing
• Add-to accounts
• End-of-year indicator
• Retained Earnings – B/Fwd & C/Fwd
Check the Chart of Accounts
Finalise transactions
• Confirm Current Period is set to last period for the year
• Enter All Transactions:-
• Postings from Other Modules
• Journal Adjustments
Reconcile General Ledger
• Financial Controller Reconciliation gadget
• Matches the GL control accounts against the module reports
• Print Trial Balance
• Check that last year total = zero
• This year debit and credit columns are equal
• Process adjustments if required
Reconcile General Ledger
Did not balance and you don’t know what to do? Ask your dealer to fix it for you
Print Profit & Loss / Balance Sheet• Check that Net Assets = Total Equity
Reconcile General Ledger
• Complete Bank Reconciliations
Reconcile General Ledger
Process End of Year
• Archive company• Give it relevant name e.g. ‘Year End 15’
• Period End | General Ledger | End of Period | End of Year
• Reset Budget Values
• Retain Unreconciled Transactions - Yes (if using bank rec)
Resets the current general ledger for the new year’s processing.
Clears transaction detail and resets the batch number to 1.
Posts ending year’s period balances to last year’s periods and makes them available for reporting in the new year.
Reset Budget Values
Retained Unreconciled Transactions for bank reconciliation.
General Ledger EOY Summary
• Enter adjustments into GL 2015
• Adjust 2016 Opening Balances
• Manually adjust opening balances
• Import data from 2015 company
• This can be done at any time in 2016, after
the auditors have completed their work
Adjustments – 2015
• Use different backgrounds in Accounts
• Use different logos in BI
• Disable Editing in Previous Years
• Prevent Access to Previous Years
Manage Multiple Companies
How to handle late-arriving invoices?
Date-based posting
After processing EOY you will have: 2 menu items per company for accounts and 2 for payroll when you do payroll EOY
Date-based posting
Enter the Supplier invoice in your current data (2016)
Process late arriving Supplier invoices
Sign into the 2015 Company
Post to previous year General Ledger
• Sign into your Current Data Company (2016)
• Go to Setups | General Ledger | Opening Balances
• Select Import Last Year Data
• Select Yes to adjust opening balances
Update opening balances
• EOY Manual covers this• This is very important for your processing speed
Housekeeping
Thank you for your attendance
Your feedback is important to us so that we can improve