End Of Period

Navigator > Tasks > [Module] > End of Period Update

You can close off the current accounting period and commence the new period. This is done at the end of the accounting period (usually each month). Take a monthly backup as well as the daily backup before you perform an End Of Period (EOP). This is not reversible; only perform this as the final operation for each period. Create an End Of Period checklist, listing steps to be completed.

Note: Secure Accredo before performing an EOP

An End Of Period does not finalise the period. When you perform an EOP it will:

• Move the Current Period for the module forward, together with the first available and last available periods based on the settings.
• Update the Current Period balances on masterfiles and Analysis codes.

Perform the following tasks before an EOP:

1. Post all relevant documents to the module.
2. Print financial statements and any other reports required.
3. Perform an Accredo Backup.