Many procedures in AccountEdge can also be considered month-end procedures. The following procedures might be performed at the end of the month at your company; click on the links to the topics below to learn how to perform these tasks.
The Company Data Auditor can be a very useful tool at month-end. It provides an overview of data file information such as the last time you backed up or optimized the file; a review of all your accounts that can be reconciled and the last date each was; and a Data Exception Review that complements your sales, purchases and inventory analyses, among other things. (Using the Company Data Auditor Assistant)
Printing customer statements
Most businesses send statements of sales activity to their customers at the end of each month. (Printing and emailing invoice and activity statements)
Analyzing sales
It's a good idea to be aware of your company's sales activity and trends on a month-by-month basis. The Analyze Sales window can provide you with a graphical representation of your monthly sales. (Reviewing your sales activity)
Analyzing purchases
Tracking your company's monthly expenses is a wise business practice. (Reviewing purchase activity)
Counting items in inventory
Staying on top of your inventory quantities can make the difference between making sales and losing sales. Therefore, it's a good idea to check your current inventory levels at regular intervals and be sure your AccountEdge records match your actual quantities. (Counting inventory items)
Recording unrealized gains and losses
If you use the Multicurrency feature of AccountEdge, you may need to make a journal entry to record your company's unrealized gains and losses for the current month and reverse the previous month's entry. (To record unrealized gains and losses)