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Your Closing Activity
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Menu
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Frequency (weekly, monthly, or quarterly)
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Complete all transaction activity:
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• Standard cost revisions (rollup) for new period
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14.13.14, 13.12.13,
1.4.18, 1.4.20, 1.4.21
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• Backflush transaction
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18.22.13
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• PO Subcontract activities*
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18.22.5 +
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• Repetitive Scrap*
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18.22.18
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• Repetitive Reject*
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18.22.16
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• Repetitive Rework*
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18.22.15
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• Repetitive Setup Labor*
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18.22.15
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• Repetitive Move
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18.22.19
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• WIP Adjustments
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18.22.21
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• Downtime
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18.22.20
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• Non Productive Labor
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18.22.22
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*Can be completed as part of
backflush transaction |
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Cum Order Close
Note: Cumulative orders must have an effective end date on or before the effective end value you enter.
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18.22.10
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Print WIP Valuation Report (use cum order std)
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18.22.4.13
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Print other cost reports as required, for example, WIP Status Report
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18.22.4.11
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Review unposted GL transactions
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25.13.13 or 25.13.14
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Post repetitive order transactions to GL
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25.13.7
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Analyze unposted repetitive transactions:
• Correct
• Re-post
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25.13.13 or 25.13.14
25.13.7
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Your Close Activity
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Menu
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Frequency (Weekly, Monthly or Quarter)
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Check all transaction activity up to date:
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• Verify all transfers up are to date
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3.4.1 or 3.4.2
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• Verify all issues (unplanned/returns) are up to date
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3.9 and 3.7
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• See all PO receipts/returns completed
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5.13.1 and 5.13.5
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• See all SO shipments completed
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7.9.15
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• See all SO shipments completed
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7.9.5
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Print Inventory Valuation Report.
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3.6.15
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Identify remaining sales invoices from Pending Invoice Register
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7.13.2
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Print and post remaining sales invoices or accrue using Pending Invoice Register (7.13.2).
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7.13.3 and 7.13.4
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Print PO Receipts Report GRNI (unvouchered)
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5.13.5
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Print PO Receipts for Memo vouchers (unvouchered)
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5.13.5
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Review unposted GL transactions
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25.13.13 or 25.13.14
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Post IC and SO transactions to GL
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25.13.7
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Analyze unposted IC and SO transactions
• Correct
• Re-post
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25.13.13 or 25.13.14 3.21.16
25.13.7
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Close sub-module in GL (WO/IC, SO)
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25.3.4
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Using GL Account Balance or Transaction by Account Inquiry or Account Balance and Detail Reports, reconcile with:
• Inventory Valuation
• WIP Valuation
• GRNIs - PO Receipts
• GRNIs - PO Receipts Memos
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25.13.17, 25.13.18
25.15.1 and 25.15.2
3.6.15
18.22.4.13
5.13.5
5.13.5
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Your Close Activity
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Menu
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Frequency (Weekly, Monthly or Quarter)
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Complete all transaction activity
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Run AR to GL Transactions Report (all posted?)
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27.21
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Run AR Age Report as of Effective Date
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27.18
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Run DR/CR Memo Register
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27.3
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Run AR Payment Register
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27.6.6
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Reconcile opening Age balance plus DR/CR Memo Register Report total less AR Payment Register total with closing AR Age balance total
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Review GL Unposted Transactions Register/Inquiry
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25.13.13 or 25.13.14
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Post AR transactions to GL
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25.13.7
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Analyze unposted AR transactions
• Correct
• Re-post
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25.13.14
25.13.7
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Reconcile AR Closing balance with GL balance
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25.15.1 or 27.18
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Close sub-module in GL
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25.3.4
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Your Close Activity
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Menu
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Frequency (Weekly, Monthly or Quarter)
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Check all transaction activity
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Run AP to GL transactions report (all posted?)
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28.21
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Run AP Age Report as of effective date
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28.18
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Run voucher register for: confirmed/unconfirmed/all
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28.3.1
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Run AP Payment Register (GL detail to Yes)
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28.9.12
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Reconcile opening Age balance plus Confirmed Voucher Register Report total less AP Payment Register total with closing AP Age balance total
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Review GL Unposted Transactions Register/Inquiry
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25.13.13 or 25.13.14
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Post AP Transactions to GL
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25.13.7
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Analyze unposted AP transactions
• Correct
• Re-post
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25.13.14
25.13.7
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Reconcile AP Closing balance with GL balance
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25.15.1 and 28.17
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25.15.1/28.17
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25.3.4
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Your Closing Activity
|
Menu
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Frequency (Weekly, Monthly or Quarter)
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Reconcile AR and AP Vat Reports to GL
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2.15.2.13 or 2.15.2.14 and
2.15.2.16 or 2.15.2.17
with
25.15.1
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Your Closing Activity
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Menu
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Frequency (Weekly, Monthly or Quarter)
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Other modules: Fixed Assets
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Reconcile/post
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Other modules: Payroll and Deductions
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Reconcile/post
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Other modules?
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Reconcile/post
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Accrue for unconfirmed vouchers
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28.3
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Calculate manual accruals and prepayments
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Input Standard Transaction Maint. journals
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25.13.1
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Input Reversing Transaction Maint journals
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25.13.3
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Foreign Exchange Revaluation
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25.13.9
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Review/correct unposted transactions
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25.13.13 or 25.13.14
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Post JL, RV, FX and other GL transactions
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25.13.7
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Print and review as required:
• Trial balance
• Balance sheet
• Income statement
• Custom reports
• Cost center or project reports
• GL Report Writer reports
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25.15.4 25.15.8
25.15.13
25.17.13
25.15.18 to 25.15.23
25.21.17
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Review, correct, post and reprint until satisfactory
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25.3.4
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Close GL module for period
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