YEAR END PREPARATION - · PDF fileYEAR END PREPARATION 1 The ultimate preparation checklist...

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Transcript of YEAR END PREPARATION - · PDF fileYEAR END PREPARATION 1 The ultimate preparation checklist...

  • YEAR END PREPARATION

    1

    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.

    2

    Post all standing orders and direct debits.

    3

    Post all outstanding invoices on sales and purchase orders up to the year end date.

    4

    Produce and print management reports.

    5

    Ensure that the number and dates of all periods are correctly specified on the Future Financial Year tab.

    8

    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 sage@pinnacle-online.com

    Its 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

    12

    Ensure that your aged debtors and creditors reports reconcile up to the end of the financial year for sales and purchase ledgers.

    6

    Close all accounting periods for the year in Accounting System Manager.

    7

    Contact Pinnacle Today