Perform Period End Closing Tasks

Owned by Drew Monroe (Unlicensed)
Last updated: Dec 02, 2014 by Danielle Lakeberg (Unlicensed)
1 min read

OBeer Month End Closing Task Checklist.pdf

Period End Closing Processes in OBeer:

  1. Review In-process transactions and corresponding GL Accounts
    1. Open Sales Orders and Purchase Orders - Recommendation
    2. Goods Receipt POs not Invoiced
    3. Deliveries not Invoiced
    4. Open Production Orders
  2. Inventory Posting List
  3. Post Inventory Counts and Adjustments
  4. Post Inventory Revaluation
  5. Customer Aging Report
  6. Vendor Aging Report
  7. Bank Reconciliation
  8. Run Financial reports
    1. Balance Sheet
    2. Profit and Loss
  9. Run Tax reports
    1. TTB
    2. TTB Excise
    3. State Tax Reports
  10. Change period status to Locked
    1. Administration -> System Initialization -> Posting Periods