End of Month and End of Year Procedures can be quite tedious for an Accountant depending on the Accounting Package you use. For many Bookkeepers it may mean working very late to go through a checklist of items, vouchers and entries which need posting and processing before the month end or year end.
However, there is a smart way of avoiding the tedious Month or Year End procedures and this is all you have to do. Simply find an Accounting Software which is date driven such as Sage Pastel Evolution Accounting. A date driven system allows you to post transactions to any periods that are complete. So Pastel also gives you the access and the ability to control user access to complete or closed Accounting periods thereby preventing operators from accessing the closed periods by error. The system stores five years of financial information. This completely serves you the hustle of tedious end of the month closing procedures. There can be no smart way than this.
At the year end, all you have to do is print the relevant reports, back up your company folder, purge accounts items such as general ledger accounts and purge the first year procedure.
This document outlines the simple steps of Sage Pastel Evolution year end procedure.
Year End Procedure - Sage Pastel Evolution
About the Author:
Fixed Asset Consultant at Prosperity Agencies Limited with over 10 years practical experience in physical verification, bar-coding of assets and fixed asset software implementation +260 211 239859
Let's Get Connected: Linkedin | Facebook | Google Plus
Post a Comment