| Note |
|---|
Individual ITCs may supply slightly different instructions depending on the policies and procedures of the ITC. Therefore, these procedures are intended to be general guidelines only. |
Pre-Closing Procedures
The following pre-closing procedures can be completed any time prior to closing the fiscal year.
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- 4. When all assets have been entered, run any fiscal year-end reports desired. The following are suggested:
GAAP Reports (GAAP must be enabled to run these reports)
- Fixed Asset By Source (Classic's EIS101)
- Fixed Asset By Function/Class Report (Classic's EIS102)- Recommended to run all three options
- Schedule of Change in Fixed Assets Report (Classic's EIS103) - Only if GAAP is enabled - Recommended to run the following:
- Schedule of Change in Fixed Assets by asset class (both summary & detail)
- Schedule of Change in Fixed Assets by function (both summary & detail)
- Schedule of Change in Fixed Assets by fund (both summary & detail)
- Schedule of Change in Depreciation Report (Classic's EIS104) - Only if GAAP is enabled - Recommended to run the following:
- Schedule of Changes in Depreciation by asset class (both summary & detail)
- Schedule of Changes in Depreciation by function (both summary & detail)
- Schedule of Changes in Depreciation by fund (both summary & detail)
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