Month-end Tasks - Topics List
Month-end Tasks
· Performing month-end tasks
· Reviewing and printing your trial balance
To print a trial balance (or general ledger)
To review your trial balance
· Reviewing and adjusting budgets
To print a balance sheet for budget analysis
To review your budget
To change a budgeted amount
· Reviewing cash flow
To review cash flow
· Reviewing items' order status
To review your items' order status
· Purging information that's no longer needed
To purge closed invoices
To view purged sales (only detail was purged)
To purge closed bills
To view purged purchases (only detail was purged)
To purge journal entries
To purge activity slips
To purge contact log entries
· Reconciling bank accounts
To reconcile an account
To reconcile an account for the first time
To record bank service charges and interest earned
· Using downloaded statements
To match a transaction
To record an unmatched transaction as new
· Paying payroll taxes
To pay payroll taxes
To print the Tax Liabilities Report
· Other month-end procedures
· Closing accounting periods (Optional)
To close an accounting period (Optional)