Another year has passed and we are approaching the time to perform year-end processing. We would like to provide you with a guideline for performing the specific tasks necessary to close the year. These procedures should be run on the last day of your fiscal year. If your fiscal year does not end on December 31, you will want to follow these steps at the appropriate fiscal year-end time.
After your last days’ End of Day Posting is complete and before you open for business the next Fiscal Day please perform the following:
1. Save a copy of an Inventory Valuations Report for all locations or by specific locations as applicable *INVENTORY/REPORTS/VALUATION. Preview the report, select File and then select Save Report
2. Save a copy of an Accounts Receivable Aging Report, if applicable *CUSTOMERS/REPORTS/AGING. Preview the report, select File and then select Save Report.
3. Save a copy of a Gift Card Report, if applicable *SYSTEM/GIFT CARDS/GIFT CARDS. Preview the report, select File and then select Save Report.
4. Save a copy of a Store Credit Report, if applicable *SYSTEM/STORE CREDITS/STORE CREDITS. Preview the report, select File and then select Save Report.
5. Make sure that your new Fiscal Year calendar is set up in your calendar file. *SETUP/SYSTEM/CALENDAR
6. Change the Company year to the new year.*SETUP\SYSTEM\COMPANY
*Note, all above pertains to CounterPoint SQL (Version 8)
If you need additional assistance with closing out your year, please do not hesitate to contact our support team.
Call at 770-343-8777 Option 2, or by email at support@softintelligence.com.
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