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speedy:faq:how_to_complete_a_yearend [2020/07/28 08:59 (4 years ago)] – jegefaq:how_to_complete_a_yearend [2021/03/12 14:46 (3 years ago)] (current) – tanya
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 ====== Year-End Procedure ====== ====== Year-End Procedure ======
 +See [[https://support.windwardsoftware.com/a/solutions/articles/66000482026]]
  
 Contrary to popular belief, “year-ends” do not happen on the last day of your financial year. You must wait for bank statements and last supplier bills to arrive. Then, after posting all transactions you are aware of, you send the information to your accountant and wait for the deprecation, tax planning, and other adjusting entries to be returned to you. By the time you’ve completed your year-end, it could be months later.  Contrary to popular belief, “year-ends” do not happen on the last day of your financial year. You must wait for bank statements and last supplier bills to arrive. Then, after posting all transactions you are aware of, you send the information to your accountant and wait for the deprecation, tax planning, and other adjusting entries to be returned to you. By the time you’ve completed your year-end, it could be months later. 
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 ===== Closing of Minimum Book Month ===== ===== Closing of Minimum Book Month =====
-**Book Month** is Windward term that describes the accounting period to which the system posts transactions. Windward System Five has separate Book Months: sales (A/R Book Month), accounts payable (A/P Book Month), and General Ledger (Ledger Book Month). The Book Months advance automatically.+**[[https://academy.windwardoncloud.com/#/assetviewer?id=30013806-de7a-413c-4571-ed4b07da570d|Book Month]]** is Windward term that describes the accounting period to which the system posts transactions. Windward System Five has separate Book Months: sales (A/R Book Month), accounts payable (A/P Book Month), and General Ledger (Ledger Book Month). The Book Months advance automatically.
  
 The Minimum Book Month prevents users from editing posted entries (Invoices, Journal Entries, etc.) that have occurred before the minimum book month. Also, it will change the "Unposted Book Month" on all Estimates, Work Orders and Layaways so that they can be edited even if they were created before the current minimum book month.  The Minimum Book Month prevents users from editing posted entries (Invoices, Journal Entries, etc.) that have occurred before the minimum book month. Also, it will change the "Unposted Book Month" on all Estimates, Work Orders and Layaways so that they can be edited even if they were created before the current minimum book month. 
  
 To advance the Ledger Book Month select the following menu path: General Ledger > [[https://selfhelp.windwardoncloud.com/System5Closing_Routines_command.htm|Closing Routines]].  To advance the Ledger Book Month select the following menu path: General Ledger > [[https://selfhelp.windwardoncloud.com/System5Closing_Routines_command.htm|Closing Routines]]. 
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faq/how_to_complete_a_yearend.1595951978.txt.gz · Last modified: 2020/07/28 08:59 (4 years ago) by jege