Accounting Period Reset Month End > Accounting Period Reset When you first choose this menu, you will be prompted to reset the period. This is usually done on the first workday of the month (or whenever appropriate) so that the new...

Update Monthly Balances Tools > Update Monthly Balances Update Monthly Balances reloads the database tables utilized by the Financial Statement Report Writer with transaction totals for all accounts. This process...

Year End Reset Month End > Year End Reset This procedure resets the General Ledger and budget for the new fiscal year so that screens, such as Account Browse and Actuals/Budget Entry screens, display appropriately for the new f...

Year-End Procedures Settings > General Ledger > Entry Options or Accounts Payable > Entry Options Entries to the last month of the fiscal year should be done the same as every other month. You may continue to do day-to-day entr...

Year-End Closing Entries Month End > Year End Reset   The 14 th period holds the system-generated year-end closing entries for each account. YE closing entries are stored in a separate file from all other transactions for acc...