The Year End Checklist

Reconciling your company

1.     Reconciled your Banks and Credit cards

Item Adjustments

1.     Stock (Item) Adjustments

2.     Recording Inventory on Hand on your Balance Sheet
Note: This step is only required if you have not activated the Advanced Inventory module in your company

Printing Year End Reports

1.     Printed the Trial Balance Report

Note: This video will demonsrate how to view all the Year End reports

2.     Printed the Profit and Loss Report

3.     Printed the Balance Sheet Report

4.     Printed the Customer Balances – Days Outstanding Report

5.     Printed the Supplier Balances – Days Outstanding Report

6.     Printed the Item Valuation Report

Performing the Year End

1.     Changed the Current Financial Year check box to the new financial year

2.     Set a Lockdown date