The Month End Procedure

Use the Month End option to process your prepayments, accruals and depreciation values automatically. The nominal account records and the audit trail will be updated with these transactions. You can also select to clear down the month to date turnover figures on all of your customer and supplier records.

You can post transactions for the next accounting period before closing the current month end. Any transactions with a date that is in a future period will be accumulated in the relevant monthly total on the nominal record. After completing the month end, you can also post transactions for any previous accounting period, and the correct period total will be updated in the nominal record.

(Financial Controller and Accountant Plus Only): You can also use the Month End procedure to clear your stock files.