Accounts
Period-end review
Use the available reports and reconciliation screens to review a financial period.
3 min read
Use the available reports and reconciliation screens to review a financial period.
Step by step
- 1Review the Trial Balance for the intended period and branch scope.
- 2Review customer and supplier balances and run GL Health to investigate subledger differences.
- 3Complete the applicable bank reconciliation and review outstanding cheques.
- 4Check depreciation, approved payroll, stock adjustments and production WIP for the period.
- 5Review the Income Statement and Balance Sheet with your accountant and retain the final report exports.
This checklist is not a claim that a Financial Periods lock screen or Year End Close action exists. Do not assume a reviewed month is technically locked against further postings.