Introduction |
The Close Period program: § Closes the current period. |
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§ Opens the next period as the new current period. |
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§ Opens the new next period. |
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§ Rolls forward the cash book and company period totals. |
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§ Clears the cash book next period balances. |
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§ Processes any standing orders which are due. |
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Before closing the period, you should ensure the following procedures are carried out: § Ensure that all relevant postings from sub-systems, such as Creditors Ledger and Debtors Ledger, are transferred into Cash Manager. |
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§ Close all current period batches. |
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§ Delete all empty batches. |
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§ Print the daybook. |
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§ Close the session. |
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§ Print the end of period reports and any other reports required for the current period. |
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§ If manual posting to General Ledger is in use, create the General Ledger transfer file. |
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§ Back up your data. |
Warning |
After the period has been closed, there is no mechanism for transferring data from sub-systems into the closed period. |