J/C Period-End and Year-End Processing Checklist Home | FAQs & Troubleshooting

 

Use the following checklist to perform period-end and year-end processing activities.

1. Back up the Job Cost files.

2. Verify that all change orders; job billing invoices; and direct cost, billing, and cash receipt transactions are recorded for the current month. Also, verify that all integrated modules (Accounts Payable, Payroll, etc.) have posted all transactions for the current month.

3. If monthly calculation of overhead is selected in the Job Cost Options window, print the Monthly Overhead Allocation Register and update. Print and update the Daily Transaction Register.

   Note Depending on your security setup, the Daily Transaction Register may be automatically printed and updated.

4. If any jobs have been completed during the current period, print the Job Close-Out Register and update.

5. Select the reports to print for the period end. Print at least the Work in Process Report and Job Transaction Detail Report.

6. Perform period-end or year-end processing. For more information, see Perform Period-End and Year-End Processing.

7. Complete period-end processing after all the selected reports have been printed.