For Cougar Mountain Software Support's Professional Version (V2012, V2011, V2010, V2009, V12-V6)
What is the procedure for doing a monthend closing?
Answer:
For month end closing"> For Cougar Mountain Software Support's Professional Version (V2012, V2011, V2010, V2009, V12-V6) Reporting to the MAX including Point of Sale and Non-profit Versions Tech Tip Question: What is the procedure for doing a monthend closing? Answer: For month end closing, Check the AP control report matches the AP control account in the GL Check the AR control report matches the AR control account in the GL Check the PR accrued wages is correct in the G/L Check the sales tax liability is correct Check the A/P rec'vd not Invoiced account agrees with the Open P.O. Report Check that the G/L is in balance Reconcile the bank accounts Review the financial statements for abnormal variations that should be researched/explained prior to issue financials Move the block period up to lock out any futher transactions periods that the financials have been published Problem: None Possible Causes: None Solutions: None Preventing Reoccurances: None Suggestions for Future Product Improvement None
For month end closing, Check the AP control report matches the AP control account in the GL Check the AR control report matches the AR control account in the GL Check the PR accrued wages is correct in the G/L Check the sales tax liability is correct Check the A/P rec'vd not Invoiced account agrees with the Open P.O. Report Check that the G/L is in balance Reconcile the bank accounts Review the financial statements for abnormal variations that should be researched/explained prior to issue financials Move the block period up to lock out any futher transactions periods that the financials have been published
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