Month-End Procedures

At the end of each month it is recommended that you complete the following:

1. Reconcile all clearing accounts (Cash Clearing, Paid Out Clearing, etc), and record all depreciation and other expenses for the month in the General Ledger.
2. Run Test Proof and if necessary the Integrity Checks. See Test Proof.
3. Print reports such as the Inventory Value, Aged A/R, Aged A/P, Trial Balance, Balance Sheet, Income Statement, sales reports, etc. See Month End Reports.
4. Close the A/P Transaction File, and the Journal Transaction File. See Closing the Transaction Files.