FA End Of Period

Navigator > Tasks > Fixed Assets > End Of Period

You can move the Current Period for Fixed Assets processing and reporting forward one period.

Normally this is done each month at the end of the accounting period after:

• Depreciation for all books has been generated.
• End of period report lists have been run.

FA End of Period Update

Take a monthly backup as well as the daily backup before you perform an End Of Period.

End of period is not reversible, it should usually be done after all processing for the period is completed, though transactions may still be posted subject to available periods and other constraints, and reports are available as at any period.

If depreciation for an active book has not been completed up to the Current Period you will be prompted to generate depreciation for the book.

Before the update form is displayed, a number of checks occur and warnings will appear if there are active books with incomplete generation, or if no transactions have been posted for the period.

• View the Current Period to ensure you are in the correct period.
• Usually you would print reports prior to the End Of Period.

Click Run to proceed with the End of Period which will:

• Advance the Current Period and available period range, setting status for the period to Open if required.
• Add balance records as required.
• If a year-end is being performed, and you have selected Inactivate Fully Disposed Assets at EOY in FA Settings, fully disposed assets will be inactivated.