Monthly closing reconciliation - Revision history

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2026-02-12T15:48:21Z

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TR at 15:47, 12 February 2026

2026-02-12T15:47:59Z

TR at 08:27, 12 February 2026

2026-02-12T08:27:13Z

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2026-02-11T14:13:35Z

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TR at 12:55, 11 February 2026

2026-02-11T12:55:09Z

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TR at 13:49, 13 April 2022

2022-04-13T13:49:41Z

TR at 13:58, 27 May 2021

2021-05-27T13:58:11Z

TR: Marked this version for translation

2021-05-27T13:31:43Z

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TR at 13:31, 27 May 2021

2021-05-27T13:31:32Z

TR at 14:35, 8 December 2020

2020-12-08T14:35:06Z

@@ Line 34: / Line 34: @@
 * Check the account for periodical allocations in Accounting | Queries, Accounts tab, or in Accounting | Reports, General ledger tab, Account specification. Check in the column Type if there have been bookings without assignment code.
-=== VAT ===  <!--T:90-->
+=== VAT === <!--T:90-->
 Marathon keeps track of VAT- liable revenue, VAT-exempt revenue and foreign export with subaccounts.

@@ Line 103: / Line 103: @@
 <!--T:100-->
-[[Category:avs-avs-en]]  [[Category:Accounting]]
+[[Category:avs-avs-en]]  [[Category:Accounting]] [[Category:Manuals]]
 </translate>

@@ Line 103: / Line 103: @@
 <!--T:100-->
-[[Category:avs-avs-en]] [[Category:Manuals]] [[Category:Accounting]]
+[[Category:avs-avs-en]]  [[Category:Accounting]]
 </translate>

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 __FORCETOC__
 <translate>
-= Monthly closing and reconciliations=
+= Monthly closing and reconciliations= <!--T:87-->
-== Monthly closing ==
+== Monthly closing == <!--T:88-->
 ===  Bookkeeping ===
 * Update periodical allocations in Accounting |  Backoffice  | Periodical allocations, the Update periodical allocations tab.
@@ Line 29: / Line 29: @@
 * Example: Period 010725-blank and Accounting date blank -300625. Tick in Print out updated. Compare the amount of the list with the account for automatic periodical allocations. You can see its balance in e.g. Accounting | Queries, Accounts tab or in Accounting | Reports, General ledger tab.
 '''In case of discrepancy:'''
 * Print the report Reconciliation periodical allocations without selection on period or accounting dates. Make sure that the option Print updated not is ticked. Then you see all allocations that wait for update; there might be unupdated allocations in previous periods to catch up.
 * Check the account for periodical allocations in Accounting | Queries, Accounts tab, or in Accounting | Reports, General ledger tab, Account specification. Check in the column Type if there have been bookings without assignment code.
-=== VAT ===
+=== VAT ===  <!--T:90-->
 Marathon keeps track of VAT- liable revenue, VAT-exempt revenue and foreign export with subaccounts.
 XXXX01 – VAT-liable domestic
 XXXX02 – VAT-exempt domestic
 XXXX03 – outside the EU
 XXXX04 – within the EU
 It is important to keep to Marathon’s structure, to avoid discrepancies. The system is not capable of interpreting and placing bookings on accounts without subaccounts on the VAT declaration.
 The VAT declaration in Accounting | Reports, General ledger tab, requires that the VAT is booked away with a reconciliation account each month. It is recommended that the previous month’s VAT is booked away in the beginning of the following month. That way you can see the VAT history.
 '''Reconciliation'''
 * Make a control count of the VAT declaration for the period.
@@ Line 54: / Line 61: @@
 * Look through the VAT account in the Account specification to see that no manual rebookings have been made (except the VAT). The specification is in Accounting | Reports, General ledger tab.
-===Sales ledger===
+===Sales ledger=== <!--T:97-->
 Reconciliation
 * Print out balance list per reconciliation date in Accounting | Reports, Sales ledger tab. Check the total amount and compare with the balance on the trade debtor’s account.
@@ Line 63: / Line 70: @@
 * Finally check all invoices in the sales ledger and compare with the invoice amount in the bookkeeping.
-===Purchase ledger===
+===Purchase ledger=== <!--T:98-->
 '''Reconciliation:'''
 * Print out balance list in Accounting | Reports, Purchase ledger tab. Check the total amount and compare with the balance on the trade creditor’s account.
@@ Line 72: / Line 79: @@
 * Check the bookings in the account specification in Accounting | Reports, General ledger tab and check if there are any bookings that lack assignment code in the Type column.
 * Finally check all invoices in the purchase ledger and compare with the invoice amount in the bookkeeping.
-=== Project accounting ===
+=== Project accounting === <!--T:99-->
 ==== Pre-invoice ====
 '''Reconciliation'''
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 [[Category:avs-avs-en]] [[Category:Manuals]] [[Category:Accounting]]
 </translate>

@@ Line 115: / Line 115: @@
 <!--T:40-->
-* Print out the list in Accounting:Reports and select on the period that you wish to reconcile. Marathon shows here all posts with “wrong” outgoing VAT posted.
+* Print out the VAT allocations list in Accounting:Reports and select on the period that you wish to reconcile. Marathon shows here all posts with “wrong” outgoing VAT posted.
 <!--T:85-->

@@ Line 205: / Line 205: @@
 <!--T:86-->
-* Check that all purchase codes have cost accounts
+* Check that all purchase codes have cost accounts in{{pth|System|Base register/Pro/Cost codes}} → Purchases.
 <!--T:74-->

@@ Line 117: / Line 117: @@
 * Print out the list in Accounting:Reports and select on the period that you wish to reconcile. Marathon shows here all posts with “wrong” outgoing VAT posted.
 * Check the VAT account in {{pth|Accounting|Reports}}/Account specification for selected period
@@ Line 203: / Line 204: @@
 '''If discrepancy occurs'''
 * Check that all purchase codes have cost accounts

@@ Line 74: / Line 74: @@
 <!--T:25-->
 '''If discrepancy occurs:'''
 * Print out the report Reconciliation of periodical allocations without selecting period or accounting date. Deselect "Print updated", thus you will see all allocations that haven't been updated in earlier periods.
@@ Line 117: / Line 115: @@
 <!--T:40-->
-* Print out the list in 01-90-02 and select on the period that you wish to reconcile. Marathon shows here all posts with “wrong” outgoing VAT posted.
+* Print out the list in Accounting:Reports and select on the period that you wish to reconcile. Marathon shows here all posts with “wrong” outgoing VAT posted.
 * Check the VAT account in {{pth|Accounting|Reports}}/Account specification for selected period
@@ Line 139: / Line 136: @@
 * Print list in Reconciliation GL in {{pth|Accounting|Reports}} /Sales ledger  to see the date of the discrepancy.
 * Print the list again and select only the date of the discrepancy, deselect ”Summary only”.
 * Check the date for discrepancy in {{pth|Accounting|Reports}}/Account specification and ensure that no bookings have been made without assignment code. See column Type.
@@ Line 207: / Line 203: @@
 '''If discrepancy occurs'''
 * Check that all purchase codes have cost accounts
@@ Line 221: / Line 216: @@
 <!--T:76-->
 '''Reconciliation invoiced '''
 * Print report Reconciliation PRO/MED in {{pth|Accounting|Reports}}, tab Accounting for the period. If there is discrepancy, open the row and check the invoices. The discrepancy almost always occurs because the invoice has been manually corrected in {{pth|Accounting|Vouchers}}
 <!--T:84-->
 *Or:
 '''If discrepancy occurs'''
 * Check that no manual bookings have been made on the revenue accounts.
 <!--T:80-->
 (all voucher types except Client invoice]
 * Check that the report that you are reconciling really shows what is invoiced in the project accounting (invoiced sales price on fees, purchases and other).

@@ Line 202: / Line 202: @@
 <!--T:70-->
-* * Print report WIP list accounting period in {{pth|Project|Reports}} and select the reconciliation period. Compare the total sum for Purchases purchase price with the balance on the WIP account in {{pth|Accounting|Queries}} tab Accounts or print an Account specification/Nominal ledger in Reports, tab Bookkeeping.
+*  Print report WIP list accounting period in {{pth|Project|Reports}} and select the reconciliation period. Compare the total sum for Purchases purchase price with the balance on the WIP account in {{pth|Accounting|Queries}} tab Accounts or print an Account specification/Nominal ledger in Reports, tab Bookkeeping.
 <!--T:71-->