http://52.173.207.40/wiki/index.php?action=history&feed=atom&title=Month_End_Close_ProceduresMonth End Close Procedures - Revision history2026-04-24T22:49:44ZRevision history for this page on the wikiMediaWiki 1.34.0http://52.173.207.40/wiki/index.php?title=Month_End_Close_Procedures&diff=351&oldid=prevUser: 1 revision imported2020-01-08T13:00:06Z<p>1 revision imported</p>
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===Accounts Receivable===<br />
#Make sure invoicing and cash posting have been completed<br />
#Review Aged Trial Balance<br />
#Process Service Charges (Optional)<br />
#*Set Interest Type to Monthly<br />
#*Set % rate (e.g. 1.5% for 18% annual)<br />
#*Set Code - typically "Y"<br />
#*CutOff Date is normally the first date of the month being closed<br />
#*Trans Date is typically the Last day of the month being closed <br />
#Print A/R Statements<br />
#Print other Desired Month End Reports<br />
#*MTD Invoice Register<br />
#*Cash Posting Register<br />
#*Sales Tax Reports<br />
#Set New Period to “Opened” and close all previous periods in Month_End>[[Setup Periods]]<br />
#Run Month End Processing from Accounts_Receivable>Month_End<br />
#Run A/R Distributions to G/L from Accounts_Receivable>Month_End<br />
===Accounts Payable===<br />
#Make sure invoices with dates in closing Month are entered<br />
#Print AP Aged Trial Balance from the Reports Menu<br />
#Print Month End Check Register from the Month/Year End Menu<br />
#Set New Period to “Opened” and close all previous periods in Month_End>[[Setup Periods]]<br />
#Run Month End Processing from Accounts_Payable>Month_End<br />
#Run A/P Distributions to G/L from Accounts_Payable>Month_End <br />
===Cash Management===<br />
#Enter all Cash Management transactions for closing Month<br />
#Finalize All Reconciliations<br />
#Print Desired Reports<br />
#Set New Period to “Opened” and close all previous periods in Month_End>[[Setup Periods]]<br />
#Run C/M Distributions to G/L from Cash_Management>Month_End<br />
===Payroll===<br />
#Complete final payroll for the Month<br />
#Print Desired Reports for archiving<br />
#*Company Totals<br />
#*Employee Detail<br />
#Print Required Reports<br />
#*941 and 941B<br />
#*Workers Compensation<br />
#Set New Period to “Opened” and close all previous periods in Month_End>[[Setup Periods]]<br />
#Run Payroll Distributions to G/L from Payroll>Month_End<br />
===General Ledger===<br />
#Complete G/L entries for the Month<br />
#Print Desired Reports for Archiving<br />
#*General Ledger Trial Balance<br />
#*Financial Statements<br />
#Set New Period to “Opened” and close all previous periods in Month_End>[[Setup Periods]]<br />
#General Ledger>Year End>Setup_Periods</div>en>User