Year End Closing / Adjustment

6.0. YEC Adjustment

After Closing - Auditor or Accountant Adjustment 


Alert
STEPS:
  1. Click on ADJUSTMENT Activity
  2. Click on ADJUSTMENT Module
  3. Select JOURNAL ENTRY
  4. Click on NEW, display on the bottom right module

Adjustment Entries 


Alert
STEPS:
  1. Date End Financial Period
  2. Select ACCOUNT EXP5003 - Bonus
  3. DEBIT, display on the middle left module. Enter 5000
  4. Next line, select ACCOUNT CLI4000 - Accruals
  5. CREDIT, display on the middle left module. Enter 5000
  6. Click on ADD, display on the bottom right module

Adjustment - Posting

AlertAlert
STEPS:
  1. Click on STEP 1 GENERATE, display on the left bottom module
  2. Click on STEP 2 POST, display right next to STEP 1 button
  3. Click on YES to confirm the posting, pop out screen on the middle module
  4. Click Print Closing Report, display on the right bottom module

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