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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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In order for the report bundle to be emailed, please click here for configuration set up prior to closing the period. |
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- NOTE: Once Document Store has been released, the report bundle will no longer be emailed. Instead, when the period closes, the bundle will be sent to the Document Store automatically. The reports in the bundle can then be viewed in the Inventory application.
- Closing the year will update the life-to-date depreciation amounts for the current fiscal year being closed and also update the fiscal year closed field in Core>Configuration. If GAAP is enabled, the program will also update the beginning balances for the new fiscal year.
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