December 26, 2017 12:42PM
With this program being a fairly comprehensive and full blown accounting system all the items listed on the checklist must be accounted for in order to complete a yearly set of books.
I know others who just create a new project for each years worth of books in order to print out the annual reports. I don't condone this but is doable. You lose full function of the software and full disclosure of the operation financially with this process.
Until everything on the checklist has been accounted for, one cannot do a year end.
Doing a backup of the project should be a daily thing and is not really a factor in the year end other than the check in the box.
The initial setup must be completed, and is verified by having the Accounting option in the menu.
All undeposited cash receipts must be deposited.
All transactions within the register must have details.
Checkbooks and bank accounts must be reconciled.
All expenses and incomes must be allocated. - part of the detail - this is the big one!!
Inventory values and quantities must be verified and balanced.
Depreciation on assets must be correct or balanced.

Since you are using the register to keep track of your accounting you are a few steps away from shoring up your books. It is just a learning process in which there are several ways to accomplish what you want done. Keep asking the questions and we are all here to help show that process. There are examples within the Help manuals and some videos on you tube to help you through some of this as well.

Mitch
SubjectAuthorPosted

Year End

ndfarmerDecember 24, 2017 09:36AM

Re: Year End

Mitch KonenDecember 26, 2017 11:14AM

Re: Year End

ndfarmerDecember 26, 2017 11:40AM

Re: Year End

Mitch KonenDecember 26, 2017 12:42PM

Re: Year End

ndfarmerDecember 26, 2017 01:00PM

Re: Year End

Mitch KonenDecember 26, 2017 01:17PM

Re: Year End

ndfarmerDecember 26, 2017 02:05PM

Re: Year End

Kathy ClineDecember 28, 2017 04:24PM

Re: Year End

Mitch KonenDecember 26, 2017 03:11PM



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