Translations:Monthly closing reconciliation/88/en

Monthly closing

Update periodical allocations in Accounting | Backoffice | Periodical allocations, the Update periodical allocations tab.
Print the Reconciliation periodical allocations in Accounting | Reports, General ledger tab and compare with the balance on the account for periodical allocations. Read further under Reconciliation Periodical allocations.
Print VAT declaration under Accounting | Reports, General ledger tab. See separate chapter about VAT reconciliation.

Check balances on the Trade debtor's accounts and compare with balance report in Accounting | Reports, Sales ledger tab. Read more under Reconciliation Sales ledger.
Print Payment reminders in Accounting | Client invoices, Reminders tab. Reminders for single invoices is easily made in the Queries tab. Search the invoice and press the Payment reminders button.
Interest invoicing is made in Accounting | Client invoices, Interest invoices tab.

Check balances on the Trade creditor’s accounts and compare with balance report in Accounting | Reports, Purchase ledger tab. Read more under Reconciliation Purchase ledger.

Project accounting

Check that everybody has reported their hours Use the report Reconciliation time.
Register project related costs, book supplier invoices and expense reports.
Update hours and purchases in Projects | Backoffice | Transactions, Update WIP tab. Adjust and invoice. Close finished projects.
Zero invoice in Projects | Invoicing, Zero invoicing tab (especially if you use balance sheet account for project purchases).
Print out WIP list accounting period in Projects | Reports and compare un-deducted pre-invoice (read more in chapter Reconciliation Pre-invoice) and purchase price WIP for purchases with the WIP account for purchases (if it is in use, read more in Reconciliation WIP account purchases).
Compare invoiced in the project accounting with the revenue accounts in the bookkeeping that are used in the invoicing. Read more in Reconciliation Invoiced.
Print project reports in Projects | Reports

Reconciliation:

Update periodical allocations in Accounting | Backoffice | Periodical allocations, tab Update periodical allocations.
Reconcile the allocations in Accounting | Reports, General ledger tab. The report is called Reconciliation Periodical allocations. Make a selection of the future allocations that are booked to the last date in that period.
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.