It is nearly year-end for me. Is there anything I need to do in EconoAccounting? Print E-mail

Question:

It is nearly year-end for me. Is there anything I need to do in EconoAccounting?

Answer:

No, not really. EconoAccounting does not require you to run year end procedures. On 28th February you should make sure your accounts are up to date as always, bank account imported etc. As at close of business on the 28th February, you should manually capture any cheques you have written out that have not been presented for payment, as well as deposits you have made that are not yet reflected in the bank statement. It is worthwhile capturing your creditors to get a closing figure, and you should do a stock take.
At the same time, make backups, and keep this backup separate from your other backups so you can easily call it up if you need any information.

 
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