Period-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
Information included on the Cash Flow Worksheet
· 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
Viewing transactions after purging
· Reconciling bank accounts
To reconcile an account
To reconcile an account for the first time
To record bank service charges and interest earned
Using the Bank Entry Feature
Reconciling an account for the first time using MYOB AccountEdge
Creating a journal entry for first-time reconciling
Out of balance information -- reconciling accounts
Was the previous reconciliation "fudged"?
To display or print a previously recorded reconciliation report
· Using downloaded statements
To use a downloaded statement
To match a transaction
To record an unmatched transaction as new
· Paying payroll taxes
To pay payroll taxes
To print the Tax Liabilities Report
· Closing accounting periods (Optional)
To close an accounting period (Optional)
· Using Filters and Advanced Filters
· Using the Selected Period panel
· Other month-end procedures
To work on periodic payroll tax forms
To print payroll tax forms (except W-2 and W-3)
To eFile payroll forms (except W-2 and W-3)
Printing and emailing invoice and activity statements
Reviewing your sales activity
Reviewing purchase activity
Counting inventory items
To record unrealized gains and losses
Using the Company Data Auditor Assistant
Year-end Tasks
· Performing year-end tasks
· Closing a fiscal year and starting a new one
To close a fiscal year
How the company file changes when you Start a New Fiscal Year
· Closing a payroll year and starting a new one
To close a payroll year
To set up Forms W-2 and W-3
Editing information on Forms W-2 and W-3
To change information on individual W-2s (Payroll Tax Form Viewer)
To print Forms W-2 and W-3
To eFile Forms W-2 and W-3
To print W-2 forms in OS 9
To calculate amounts for W-2 boxes 10 through 14 in OS 9
To print Form W-3 in OS 9
Working with 1099 vendors and forms
To set up a 1099 vendor
To enter or change 1099 income amounts
To print 1099 forms
To print Form 1096
Backup, Optimize, Verify
· To make a backup
· To restore a backup
· Optimizing and verifying your company file
To optimize a company file (File menu)
To verify your company file (File menu)