Closing the Month or Year

The Month End option is an administrative function that allows a specific accounting period to be 'closed'.  AccuBuild does not require that each month be closed (with the exception of the calendar year for payroll and the fiscal year for certain reporting purposes) but if you are in the habit of reconciling your general ledger, then it is strongly recommended that you perform the month end procedure to prevent any accidental postings to a reconciled period.  You should follow the outline on the reconciliation worksheet provided in the General Ledger Manual as a guide to reconciling the system.

There are three types of month end procedures that may be performed:  

 w basic month end close

 w calendar year close (for payroll)

 w fiscal year close

AccuBuild will review the three system configuration dates, located on the File > System Administrator > Configuration > Accounting Tab, to determine the type of month end routine to perform.