EQD: Month End Outline

This document outlines the general steps used during Month End processing. The Year-End process follows the same workflow and is controlled by the ‘Fiscal Period’ settings in GL Configuration.

• Invoice all Warehouse Releases and post the invoices to Accounts Receivable.
• This step clears the allocations and allows empty inventory lots to be dropped.

^{⚠️ Important: It is strongly recommended to complete this process on the last working day of the month or before starting any activity in the new month.}

1. Run and save Inventory Reports.
2. Navigate to Inventory > Period End > Inventory Period End Processing.
3. Click Add All and review each client’s ‘Closing’ period.
4. Click Process.

• Check for Un-posted Invoices (Sales):

  Go to OE > Invoices > Invoice Posting and update as needed.

• Run and post the Commission Report (if commissions are paid):

  Go to OE > Period End > Commissions.

• Print and review the Aged AP Report.
• Print and review the Bank Register Report.
• Run the Pre-post Report and review for accuracy.
• Post AP to the General Ledger.
• Run AP Period End Processing.
• Optionally, generate Recurring AP Invoices.

• Print and review the Aged AR Report.
• Run the Pre-post Report and review for accuracy.
• Post AR to the General Ledger.
• Run AR Period End Processing.
• Run and post the Sales Tax Report (if applicable and paid).

• Check for unposted journal entries:

  Go to GL > Edit/Post Journal Entries.

  Print the Trial Balance.

  Navigate to GL > GL Period End > GL Period End Processing:

  • If you have posted to a prior period, select that period from the dropdown and process to the current period.