Articles
Full Accounting End of Month Checklist
End of Month Checklist All Users Verify that all transactions for the month have been entered. If this is the end of the 12th month, complete as many unprocessed transactions (Delivery Tickets, loaded Blend Tickets, Purchase Receipts, etc.) as po...
Front Office Accounting End of Month Checklist
Agvance assumes there are 12 fiscal months within the fiscal year. The end of month process saves the balances (Customers, Vendors, G/L Accounts, Inventory Products, etc.), and increments the fiscal month counter. It sets important data markers and ...
Forgot to End Fiscal Month
There are three options in this situation: Void the transactions entered belonging to the new fiscal month, end the month, and re-enter the transactions. This will allow each month to contain the correct activity but is only practical if very few ...
Inventory Statement / Trial Balance Totals Do Not Match
When running the Company Owned Inventory Statement and the General Ledger Trial Balance right after posting inventory to G/L, it is possible the totals on the two reports do not match. In most cases, this discrepancy will occur when the Company O...
Ending the Month
Transactions are posted into the fiscal month open at the time they are saved, regardless of the date associated with the transactions. Example: A company running their fiscal year January through December is currently in the third month (March)....
