- Check Data Integrity.
- Back up your company files:
- Reconcile Accounts - Do this at month-end, or when you receive your bank or credit card statement.
- Print Year-End Reports - Print reports as of the last day of the year. (Print the ones that apply to your company business needs)
- Income Statement - Month-to-date
- Income Statement - Year-to-date
- Balance Sheet
- Transactions By Account (past month)
- All Transactions (past month)
- Chart of Accounts
- Purchase Transaction Details
- Payment Transaction Details
- Vendor Aged (Summary and Detail)
- Sales Transaction report
- Receipt Transaction Details
- Customer Aged (Summary and Detail)
- Payroll Transaction Details (Past month)
- Inventory (Quantity and Summary)
- Item Assembly Transactions (Past month)
- Adjustment Transactions (Past month)
- Project Report
Print budget reports - Print the comparative Income Statement showing actual and budgeted amounts.
Prepare this year's budget - Update this year's budget using last year's comparative Income Statement.
Make Year End adjustments
- Ensure that the 'Do not allow transactions dated before' option is set.
- Process your adjustments with a date in the previous fiscal year.
- Uncheck the 'Do not allow transactions dated before' option after you finish making adjustments.
When ready, go to Maintenance, Start New Year, Fiscal Year.
